Articles Tagged with 410 law firm

The Law Offices of Daniel J. Miller, LLC and other law firms are currently investigating potential violations of several federal securities laws by Bed Bath & Beyond Inc.’s (NASDAQ: BBBY) regarding the company’s preliminary earnings report and the dip in shares right after the release.

It has been reported on various news wires that Bed Bath & Beyond’s shares dropped more than 25% in the after-hours session, “on unusually heavy trading volume”, as the company reported a 5.4% decline in same-store sales in the first two months of the fourth financial quarter of 2019.

Call 410 law firm Miller Law – The Law Offices of Daniel J. Miller, LLC is currently investigating claims for investors of BBBY regarding investment losses and possible fraud.  If you or anyone you know have experienced investment losses from the actions above or other situations, please call 410-LAW-FIRM or fill out the contact us form for a no cost consultation and evaluation of your claim.

Miller Law Group – The Law Offices of Daniel J. Miller, LLC successfully litigated against Stifel, Nicolaus & Company, Incorporated and current financial advisor Kenneth Blumberg  (CRD# 1585520) pertaining to a multitude of allegations including taking discretion in customer accounts without authority, over-concentration in sectors and individual securities, breach of fiduciary duty, unsuitable investments and other securities violations.  Blumberg was registered with Stifel during the time of the events, located in the downtown Baltimore office of Stifel, Nicolaus & Company, Incorporated.

A FINRA arbitration panel has ordered Stifel Nicolaus & Company, Incorporated to pay more than $1.5 million to four customers who claimed that their Financial Advisor, Kenneth Blumberg  (CRD# 1585520) unsuitably concentrated their portfolios in biotechnology and healthcare stocks at levels exceeding 80%.  It was further alleged that while the customers’ portfolios were profitable, Mr. Blumberg failed to protect gains in the account, which was a violation of his duties as a fiduciary, after which time the value in the accounts deteriorated by approximately $1 Million. The case against Stifel asserted that it failed to properly supervise Blumberg. In the Arbitration, the customers recovered 100% of their losses plus approximately $500,000 in consequential damages reflecting what the accounts would have gained from the time they withdrew from Stifel as customers through the date of the Arbitration had the gains been protected and suitably reinvested.

Bull BearThe Law Offices of Daniel J. Miller and Miller Lawyers, a Maryland Securities and Broker Fraud Law Firm is currently investigating allegations by all clients of  J.P. Morgan Securities and Advisor Antine Souma relating to failure to supervise, unsuitable trading and discretionary trading allegations.  J.P. Morgan Securities has paid $14 million to settle a claim that, among other things, it failed to supervise Antoine Souma, CRD#: 4210987 , according to regulatory filings.

The client alleged that over approximately three years, Souma engaged in excessive and unsuitable trading, discretionary trading, falsified performance reports, failed to extend a promised credit line, breach of fiduciary duty, misrepresentation and omission of material facts, breach of contract, constructive fraud, failure to supervise, violation of state and federal securities laws and FINRA rules, and promissory estoppel, according to BrokerCheck.

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