Morgan Stanley Fraud in Georgia

Morgan Stanley has been accused of giving preferential treatment to Gucci, because Gucci is one of its investment banking clients. In an unrelated but comparable case that involved 12 well-known brokerage firms, Morgan Stanley agreed to pay $125 million in fines to the SEC but didn't admit guilt. The allegations again related to allowing investment banking interests to bias its stock reports. If you have been victimized by Morgan Stanley, please contact the securities fraud attorneys at Childers, Buck & Schlueter today.

Charles Schwab Fraud in Georgia

One of the United States' top discount brokerage firms, Charles Schwab, first emerged as an affordable alternative to larger, better-known securities firms. Despite its efforts to avoid conflicts of interests and other types of securities fraud, the firm has nonetheless been accused of other crimes, including charging higher-than-market prices for services and delaying billing for more than six months after investors' transactions were completed. If you live in Georgia and have been defrauded by Charles Schwab, please contact the stock fraud attorneys at Childers, Buck & Schlueter today.

Merrill Lynch Fraud in Georgia

In 2001, Merrill Lynch, an investment banking firm, allegedly gave good ratings to companies it knew were in decline, such as Enron. Although Merrill Lynch admitted to no wrongdoing, it was ordered to pay $100 million in fines (what it reportedly earns in one day) and directed to make drastic changes in the company's organization. If you have lost money due to the Merrill Lynch scandal, please contact the stockbroker fraud attorneys at Childers, Buck & Schlueter today.

Smith Barney Citigroup Fraud in Georgia

Salomon Smith Barney, the investment banking division of CitiGroup, allegedly gave false stock ratings to corporations during the telecom meltdown in hopes of attracting new clients and keeping current ones. The firm was charged with securities fraud, but it settled for $400 million. If you live in Georgia and have been defrauded by Salomon Smith Barney, please contact the securities fraud lawyers at Childers, Buck & Schlueter today.

JP Morgan Fraud in Georgia

JP Morgan Chase & Co. has recently weathered a storm of securities fraud allegations. The firm allegedly facilitated Enron's fraud (and eventual bust) by providing funds to LJM2, one of the partnerships Enron's former CFO created as an attempt to conceal Enron's debt. JP Morgan also handled another company, Mahonia, Ltd., which prepaid Enron for services, making it appear that Enron was generating more money-and more business-than it really was. JP Morgan was included in the conflict of interest lawsuit brought forth by the SEC against multiple securities firms-for which the firm agreed to pay $80 million in fines to the SEC. Both Enron's shareholders and JP Morgan's shareholders have filed suit against JP Morgan. If you have lost money due to fraud committed by JP Morgan, please contact the stock fraud lawyers at Childers, Buck & Schlueter today.

Goldman Sachs Fraud in Georgia

Goldman Sachs, which enjoyed enormous economic success in the 1990s, is accused of "laddering" initial public offerings. IPO laddering occurs when particular clients share in an IPO before it is made public with the agreement that the client will buy a predetermined amount of additional shares once the stock hits the market. By purchasing extra shares, they make the stock look desirable and attract more investors. The privileged clients usually then mark up their stock and turn a bigger profit while honest investors watch their investments decline in value. Goldman Sachs was one of five securities firms to be fined in 2002 by the SEC for improper documentation of email records, and it was also one of the ten firms involved in another case filed by the SEC that deals with conflicts of interest between the analysis and investment banking branches of securities firms. Goldman Sachs and the other firms agreed to pay huge fines to the SEC. If you have lost money due to Goldman Sachs fraud, please contact the stockbroker fraud attorneys at Childers, Buck & Schlueter today.

Bear Stearns Fraud in Georgia

A major investment banking and brokerage firm, Bear Stearns has faced, and is facing several charges of fraud. In one 1999 investment fraud case, Bear Stearns was accused of assisting its client A.R. Baron in defrauding investors; the firm settled for $35 million but did not admit guilt. That same year, Bear Stearns and several of its employees were ordered to pay a total of $2.5 million to the National Association of Securities Dealers (NASD) when a Bear Stearns client was charged with, and found guilty of, defrauding consumers in a pyramid scheme. Lastly, a 2002 class action lawsuit against Bear Stearns was sent to trial because the judge could not make a summary judgment based on the available evidence-the outcome of the case is still pending. Eventually, a jury will determine if the firm is responsible for the fraudulent actions of its client, David Blech. If you have lost money due to fraud committed by Bear Stearns, please contact the Georgia securities fraud attorneys at Childers, Buck & Schlueter today.

UBS Warburg Fraud in Georgia

UBS Warburg and Paine Webber, Inc., its sister company, are financial firms; UBS Warburg provides research and analysis for Paine Webber, Inc. Because it positively rated Enron stock until four days before Enron declared bankruptcy, UBS Warburg is accused of misrepresentation. Paine Webber had encouraged many Enron employees to invest their 401(k) contributions back into Enron, so many of these employee-investors lost everything with the company's collapse. UBS Warburg allegedly fired one of its brokers, Chung Wu, for warning investors about Enron's decline. If you have lost money because of misrepresentation by UBS Warburg, please contact the stock fraud attorneys at Childers, Buck & Schlueter today.

If you suspect that JP Morgan fraud, Merrill Lynch fraud, or Smith Barney fraud has caused you financial loss, contact our stock fraud attorneys in Georgia.