Florida securities fraud lawyers Farah & Farah, P.A., cordially invite you to visit FloridaSecuritiesFraud.com—a free online resource that brings news and information that matters to those harmed by securities fraud.
The investment world has more than enough uncertainty without the added risk of securities fraud. Undisclosed conflicts of interest, insider information, unnecessary trades and investment fraud can strip a portfolio of value. Unfortunately, many victims of securities fraud feel that they are helpless and alone. FloridaSecuritiesFraud.com is meant to remind the victims of investment fraud that they are not alone and that justice will be served.
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By Eddie Farah on October 16, 2008
As forclosures hit record numbers across the country comes news that once again Florida ranks near the top – the number three spot nationwide.
According to Foreclosures.com, the Sunshine State was topped only by Nevada and Arizona.
• Nevada 77.8 filings per 1,000 households
• Arizona 74.6 filings per 1,000 households
• Florida 64.2 filings per 1,000 households
Earlier this year, Florida had the eighth highest foreclosure rate in the nation with one foreclosure for every 73 households.
Four states besides Florida – California, Michigan, Texas and Colorado, accounted for almost 66 percent of the foreclosures for the month of September, CNN reports.
This dubious distinction puts South Florida foreclosures at nearly double the rate of a year ago. Broward, Miami-Dade and Palm Beach Counties are worst hit, up from one-third to doubling.
Federal help to stop foreclosures are being discussed but it’s too early to see if the feds will help minimize and mitigate the foreclosure rate for anxious homeowners. Nationwide the foreclosure rate has left nearly 750,000 people without homes this year. Read the rest »
By Eddie Farah on October 13, 2008
With the stock market as volatile as it is lately, many investors are wondering if they have any recourse for investments that came highly recommended, yet tanked.
One case in point - The Reserve Yield Plus Fund (RUPQX) sold by TDAmeritrade to clients claiming it was a “money market” fund. That was the presentation at least. Investors who purchased Reserve yield Plus Fund have formed an internet group to share war stories and consider possible litigation. Several arbitration claims are in the works.
Some elderly investors put their entire life savings in the fund because it was supposed to be so safe. Now their money is completely frozen since mid September. Read the rest »
