Articles Tagged with Investment Loss Recovery Law Firm

Our Investment Loss Recovery Law Firm Is Investigating RBC Capital and Other Brokerage Firms That Sold This Privately-Traded Fund

The Shepherd Smith Edwards and Kantas Investment Loss Recovery Law Firm (investorlawyer.com) is speaking to investors who suffered significant losses in Velocis Fund III. It has come to our attention that there are brokers who may have unsuitably recommended this privately-traded real estate fund to customers while failing to fully apprise them of the risks. Contact our investment loss recovery law firm today if you would like to explore your legal options during a free case evaluation.

What Is Velocis Fund III?

UBS To Pay Over $1.4B For Selling Mortgage-Backed Securities

Broker-Dealer Held Accountable For Allegedly Negligent Sales Practices

The US Department of Justice announced that UBS AG consented to pay $1.435B in penalties to settle claims accusing the financial firm of making misrepresentations when it sold residential mortgage-backed securities (RMBS) in 2006 and 2007. This was the last case that a Department of Justice Working Group filed against entities that created and issued RMBS ahead of the 2008 economic crisis. The federal government contends that UBS committed fraud when selling 40 RMBS, including making purportedly misleading statements about the mortgage loans underlying the securities to buyers.

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