Wall Street’s Risky Investments Spawn Class Actions. Arbitration: A Better Avenue for Many Victims’ Claims. “Make My Day” – Stock Fraud Expert.
United States of America (Press Release) March 4, 2008 --
The Economy. It is the main domestic concern for Americans.
Rising unemployment, rising prices and surcharges for almost all products (see OIL as culprit!), the worst housing recession ever (NYU Prof. Roubini’s “Global Economics”), a mortgage meltdown spiking foreclosures combine to cause immediate and longer term pain for Main Streeters.
Now, there are signs, though tepid, that the red phone appears to be being answered as complaints mount against Wall Street.
Why Wall Street? “They forgot,” says money expert Paul Young. “They forgot their obligations to treat investors with fairness, with full disclosure, with reality-based investing and products. And now they (the Wall Street firms) are being dramatically hurt themselves (with foreign govt. infusions of cash to our biggest financial institutions – something unthinkable until recently). But hurt MORE, much more, are Main Street investors. Why?
Wall Street got risky (again, see: ENRON, etc.) and recently have returned to packaging and selling investors unsafe products (see LIMITED PARTNERSHIPS, 1990s), like packaged mortgages and other hard to understand investments. They have often failed to provide the safety and security most investors, be they individuals, governments or others, both need and require in troubled times.”
As the Los Angeles Times reported this week, many claims involving high risk packaged products may end in federal court class action lawsuits. Seasoned reporters will recall the 1990s LP scandals and the resulting class actions that were, as the new ones are anticipated to also conclude with, settlements for pennies on the dollar. Pennies. Fair? No. Avoidable? For many victims: YES.
The best friend of the burned investor is securities arbitration. Now, when investors, Wall Street, banks, institutions, and others are, as the LAT noted, shooting at each other while standing in a circle facing each other with quizzical looks of doom, the impacted Main Street investor has a choice: how to fight back if s/he has been victimized. Class actions? “Not in my opinion,” says Paul Young.
The answer for the vast majority of burned investors in these troubled times is, as it was in the 90s financial scandals, securities arbitration. Case by case by case.
WHO WE ARE: Paul Young is a nationally recognized advocate for burned investors who has personally recovered millions for burned investors. Also a veteran MONEY MATTERS broadcast commentator, writer and columnist for print and Internet who accurately forecast this recession (in July, 06) and earlier U.S. financial scandals and disasters, Paul is the founder of Securities Arbitration Group and of the non-govt. and fully free Securities Fraud Hotline.
For Burned Investors: The SECURITIES FRAUD HOTLINE is free and has been 24/7 for 19 years at 1-800-222-4724.
MEDIA ONLY: 1-310-880-8222 for immediate booking or interview. Otherwise, non-time sensitive general line 1-310-826-0278.
Rising unemployment, rising prices and surcharges for almost all products (see OIL as culprit!), the worst housing recession ever (NYU Prof. Roubini’s “Global Economics”), a mortgage meltdown spiking foreclosures combine to cause immediate and longer term pain for Main Streeters.
Now, there are signs, though tepid, that the red phone appears to be being answered as complaints mount against Wall Street.
Why Wall Street? “They forgot,” says money expert Paul Young. “They forgot their obligations to treat investors with fairness, with full disclosure, with reality-based investing and products. And now they (the Wall Street firms) are being dramatically hurt themselves (with foreign govt. infusions of cash to our biggest financial institutions – something unthinkable until recently). But hurt MORE, much more, are Main Street investors. Why?
Wall Street got risky (again, see: ENRON, etc.) and recently have returned to packaging and selling investors unsafe products (see LIMITED PARTNERSHIPS, 1990s), like packaged mortgages and other hard to understand investments. They have often failed to provide the safety and security most investors, be they individuals, governments or others, both need and require in troubled times.”
As the Los Angeles Times reported this week, many claims involving high risk packaged products may end in federal court class action lawsuits. Seasoned reporters will recall the 1990s LP scandals and the resulting class actions that were, as the new ones are anticipated to also conclude with, settlements for pennies on the dollar. Pennies. Fair? No. Avoidable? For many victims: YES.
The best friend of the burned investor is securities arbitration. Now, when investors, Wall Street, banks, institutions, and others are, as the LAT noted, shooting at each other while standing in a circle facing each other with quizzical looks of doom, the impacted Main Street investor has a choice: how to fight back if s/he has been victimized. Class actions? “Not in my opinion,” says Paul Young.
The answer for the vast majority of burned investors in these troubled times is, as it was in the 90s financial scandals, securities arbitration. Case by case by case.
WHO WE ARE: Paul Young is a nationally recognized advocate for burned investors who has personally recovered millions for burned investors. Also a veteran MONEY MATTERS broadcast commentator, writer and columnist for print and Internet who accurately forecast this recession (in July, 06) and earlier U.S. financial scandals and disasters, Paul is the founder of Securities Arbitration Group and of the non-govt. and fully free Securities Fraud Hotline.
For Burned Investors: The SECURITIES FRAUD HOTLINE is free and has been 24/7 for 19 years at 1-800-222-4724.
MEDIA ONLY: 1-310-880-8222 for immediate booking or interview. Otherwise, non-time sensitive general line 1-310-826-0278.
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