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D. Daxton White's  Instablog

D. Daxton White
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The White Law Group is a national securities fraud, securities arbitration, investor protection and securities regulatory/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. We pride ourselves on providing quality legal services to our clients and handle securities... More
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The White Law Group
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The White Law Group's Securities Fraud Blog
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  • New Podcast "Wall St Vs Main St" Presented By D. Daxton White, Esq

    D. Daxton White, the managing partner of The White Law Group, is now the host of a national podcast aimed at revealing common tactics used by brokerage firms. Each episode is designed to educate the investing public, and help you, the investor, identify potential red flags and provide information to help you even the playing field with your broker. This is not another investment advice show. Mr. White simply wants to share information he believes will be helpful when dealing with brokers and other financial professionals.

    Mr. White is a national securities fraud attorney that has represented hundreds of individuals throughout the country in FINRA arbitration claims against their brokerage firm. However, he got his start representing some of the country's largest brokerage firms in disputes with investors. While Mr. White now exclusively defends investors in securities claims, his background provides him with a unique understanding and perspective on the industry.

    The topics of the podcast range from information on certain investment products (and the incentives financial professionals have for selling such products), to how to vet your financial advisor and important questions you should ask before you invest. In the first episode Mr White discusses the value of FINRA's BrokerCheck and how to file an arbitration claim. He also talks about non-traded REITS and some of the issues that may arise for investors in Puerto Rico municipal debt.

    Subsequent podcast delves deeper into the situation in Puerto Rico, as well as a discussion on variable annuities with former financial advisor James P. Galvin, Esq. Other episodes discuss some of the pitfalls associated with oil and gas limited partnerships, hedge funds and the high commissions associated with certain securities products. The show first aired on 1370AM, 107.9FM, 101.7FM in the Treasure Coast and is now available online at www.wallstreetvmainstreet.com.

    Aug 11 6:52 PM | Link | Comment!
  • Update On Securities Investigation Involving UBS's V10 Enhanced FX Carry Strategy

    The White Law Group continues to investigate potential claims involving UBS's V10 Enhanced FX Carry Strategy product.

    Not only are investigators at the Department of Justice reportedly examining whether UBS traders shortchanged investors in UBS's V10 Enhanced FX Carry Strategy by overcharging them when they carried out the currency trades needed to execute the strategy, but it appears that some financial advisors may have improperly recommended the investment to their clients.

    Specifically, The White Law Group is investigating the liability that brokerage firm's may have for recommending this risky investment. Brokerage firms are required to perform adequate due diligence on any investment they recommend and to adequately disclose the risks of any investment. Additionally, brokerage firms are required to ensure that all investment recommendations made are suitable in light of the client's age, investment experience, investment objectives, net worth, and income.

    If it can be demonstrated that a brokerage firm failed to perform adequate due diligence, to properly disclose the risks, or recommended an investment unsuitably, the firm may be held responsible for any resulting losses in a FINRA arbitration claim.

    According to the offering materials, investors in UBS's V10 Enhanced FX Carry Strategy bought notes whose value was tied to an index called the V10. Betting on the currency market is extremely risky and should only be undertaken by extremely sophisticated and/or institutional investors.

    Unfortunately it appears that some financial advisors may have downplayed these risks and recommended UBS's V10 Enhanced FX Carry Strategy unsuitably.

    For more information on The White Law Group's UBS V10 Enhanced FX Carry Strategy investigation, visit http://www.whitesecuritieslaw.com/2015/03/02/securities-investigation-involving-ubss-v10-enhanced-fx-carry-strategy/.

    For a free consultation with a securities attorney, please call the securities attorneys of The White Law Group at 312/238-9650.

    The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.

    Mar 04 10:33 AM | Link | Comment!
  • Recovery Of GWG Renewable Secured Debenture Investment Losses

    The White Law Group is investigating the liability some broker-dealers may have for recommending GWG Renewable Secured Debentures. If you purchased a GWG Renewable Secured Debentures, the firm may be able to help you recover your losses through a FINRA arbitration claim.

    According to SEC filings, GWG Holdings acquires life insurance policies on the secondary market at a discount to the face value of the insurance benefit. Once the policy is purchased, GWG continues to pay the policy premiums in order to collect the face value when the insured dies.

    Beginning in 2011, GWG registered a private placement offering in Secured Debentures. According to the offering prospectus, GWG warns that "debentures involves a high degree of risk." The prospectus also highlights the fact that the acquisition and ownership of insurance policies form the secondary market is a "relatively new and evolving market." Private placements, in general, are high risk speculative investments and not suitable for all investors, especially investors who need liquidity in their investments.

    Broker-dealers that recommend private placements, like GWG debentures, are required to perform adequate due diligence on the product. They are also required to make suitable investment recommendations to investors. Brokers should consider a clients age, objectives, risk tolerance, investment experience, and net worth to determine suitable investments. If a broker makes misleading or inappropriate investment recommendations they can be held liable for investment losses.

    If you invested in GWG Renewable Secured Debentures and are concerned about your investment, please call our Chicago office at (312)238-9650 for a free consultation.

    The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

    For more information on The White Law Group, please visit our website at WhiteSecuritiesLaw.com.

    The White Law Group is investigating potential claims involving GWG Renewable Secured Debentures.

    Dec 17 4:48 PM | Link | Comment!
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