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Improper Asset Allocation

What is Asset allocation? If you are investing for retirement, then your age and the age you want to retire play a large role in how your investments should be allocated. As you near retirement, your portfolio should shift from riskier equities, like stocks, to safer investments that you can use when you need them. [...]

2020-03-27T13:50:08-05:00March 27th, 2020|Investor Law, Retirement Investing|

Annuities Might Become More Common in 401(k) Savings Plans

In an effort to encourage Americans to save more for retirement, Congress passed the Setting Every Community Up for Retirement Enhancement, or Secure, Act on December 19. The legislation contains the most significant changes to retirement savings system in more than a decade and hopes to address the 41% of Americans who are at [...]

2019-12-24T15:04:44-05:00December 24th, 2019|Investor Law, News, Retirement Investing|

KCM Sanctioned for Willful Violations – A Timeline

Kornitzer Capital Management (KCM) and its CEO, John Kornitzer, were sanctioned by the SEC on Dec 10 for failing to reduce high concentrations in securities of a single company held by four funds managed by KCM. The following timeline illustrates the severity of the mismanagement: John Kornitzer, portfolio manager at the time for [...]

2019-12-11T16:07:34-05:00December 11th, 2019|Investor Law, KCM - Kornitzer Capital Management|

SEC Censures and Fines Kornitzer Capital Management

On December 10, Kansas-based Kornitzer Capital Management (KCM) and its CEO, John Kornitzer, were sanctioned by the SEC for “repeated failures to follow client instructions to reduce high concentrations in securities of a single company”. According to the SEC and investor complaints, KCM, directed by John Kornitzer, invested heavily in Lions Gate Entertainment, starting [...]

2019-12-11T15:05:13-05:00December 10th, 2019|Investor Law, KCM - Kornitzer Capital Management|

GPB Managing Director and CCO Indicted for Obstruction of Justice

More evidence of corruption at GPB Capital Holdings stacks up as its Managing Director and CCO is indicted. According to the indictment, when MICHAEL S. COHN left his position at the SEC to take a job with GPB, he allegedly stole sensitive and confidential information about investigations and brought that information into his new company. [...]

2019-11-07T11:59:14-05:00November 9th, 2019|GPB Capital, Investor Law, News|

Class Action Filed against GPB and Complicit Brokers

Embattled GPB Capital Holdings has been struck with another legal blow. Investors recently filed a class action complaint that alleges GPB breached its fiduciary duty by failing to produce timely and accurate financial statements and that it continues to prevent investors from getting information about their investments. The lawsuit implicates brokers who sold GPB Capital [...]

2019-11-07T11:55:26-05:00November 7th, 2019|GPB Capital, Investor Law, News|

GPB Capital Faces Scrutiny, Accusations

Investors who purchased private placement funds from GPB Capital paid high commissions to brokers and have suffered significant losses. GPB is facing multiple investigations by the SEC, FBI, and state agencies. GPB describes itself as an “alternative asset management company focusing on acquiring income-producing private companies.” It offers funds in several industries, including the [...]

2019-09-12T16:05:19-05:00September 12th, 2019|GPB Capital, Investor Law|

Call for Consult: Clients of Crossroads Financial Management

The Law Office of Jared A. Rose is investigating potential cases against Douglas Elstun and the Crossroads Financial Management wealth management firm. Clients of Crossroads allege that Elstun lost them money by engaging in risky trading practices. Elstun and Crossroads’ clients include current and former professional athletes, as well as corporations and endowments. Elstun also [...]

2019-09-05T12:57:34-05:00September 5th, 2019|Investor Law|

UBS Group Faces YES Client Complaints After Significant Losses

The Wall Street Journal [1] has reported that USB Group is facing multiple customer complaints for a risky investment program that suffered significant losses in 2018. According to the complaints, UBS brokers began targeting wealthy investors in 2015 to be introduced to the Yield Enhancement Strategy, or YES, program. The complex strategy involved buying [...]

2019-09-05T13:01:24-05:00September 5th, 2019|Investor Law, News|

What to Research When Selecting a Financial Advisor

When you engage a financial advisor, you are entering a partnership that can affect your financial health for a very long time. Knowing exactly what your advisor does and who they really work for is crucial to protect yourself from risk and fraud. What Type of Advisor Are They? The term “advisor” covers a [...]

2019-09-02T16:49:24-05:00September 2nd, 2019|Investor Law|

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