We get our fair share of calls from individuals whose parents were swindled or manipulated by financial advisors, but usually, by the time the kids get involved a lot of damage already has occurred. The children have stepped in due to some crisis: their parent has died or gone into managed care or is suffering …
There is a growing wave of recent lawsuits and investigations involving Residential Mortgage-Backed Securities (“RMBS”). It’s not too late for you to recover your losses in these investments, but your window is beginning to close. For those who don’t know, an RMBS is a type of asset-backed security that consists of large numbers of residential debt …
We’re currently representing a charitable foundation that pays JP Morgan Chase Bank a percentage of assets under management to serve as its discretionary portfolio manager. By “discretionary,” we mean that JP Morgan gets to decide what will be bought and sold, without needing prior approval for each transaction. Despite having a fiduciary duty to avoid …
