Washington, DC (PRWEB) February 2, 2009
For nearly a year Americas Watchdog’s Wall Street Fraud Watchdog has been waging a battle in behalf of cheated and defrauded auction rate securities victims. While there have been some settlements announced, there are still numerous banks, stock brokerage firms, and others who sold auction rate securities to innocent investors that have yet to agree to any refund. Because auction rate securities involved fraud on the part of the biggest sellers the Wall Street Fraud Watchdog is also demanding that all auction rate securities investors classified as “institutional investors” be given a refund also.
As the Wall Street Fraud Watchdog has continued its battle for duped auction rate securities investors the group has been deluged with calls from the adult children of US senior citizens who feel like their parent/relative has had their stock account churned by a US stock broker or bank investment advisor. At the same time the group receives daily calls from gigantic losses in 401-K retirement accounts made up of supposedly safe US Mutual Funds. So today the Wall Street Fraud Watchdog is launching three different initiatives, focused on Wall Street fraud, stock broker/bank investment advisor abuse or fraud, and US Mutual Fund negligence; as follows:
Auction Rate Securities:
On February 14, 2008, the supposed auction rate securities market collapsed, leaving 145,000 individuals, plus countless institutional customers wondering if they had lost their life savings, or a significant investment. As it turned out, the auction rate securities market was basically a giant Ponzi scheme. It has come to light that the auction rate securities markets were suffering failures, as far back as the summer of 2007. By infusing money into the auctions, US banks and investment bankers made it appear that the auctions were safe, or sound. According to the Wall Street Fraud watchdog, “this is fraud 101, you had intent, the major banks and major investment bankers concealed the truth from both retail & institutional investors, and there needs to be indictments for those involved.” The Wall Street Fraud Watchdog is also requesting that the New York, Massachusetts & Missouri State Attorney Generals give investors who purchased auction rate securities through Wells Fargo, Openheimer, E-Trade and Raymond James an update as to the status of possible recoveries, from these banks, or stock brokerage firms. Victims of the auction rate securities who have suffered business losses, legal fees or other costs may be entitled to “consequential damages”, according to FINRA. For more information, auction rate securities victims can call the Wall Street Fraud Watchdog anytime at 866-714-6466 or contact them via their web site at http://WallStreetFraudWatchdog.com.
The Wall Street Fraud Watchdog is encouraging the adult children or relatives of all US senior citizens to check their stock brokerage, or bank investment advisory services statements, for suspicious trading activity, or high volumes of stock market trades, that do not make sense. The Wall Street Fraud Watchdog is concerned that tens of thousands of US senior citizens had their stock market accounts churned by unscrupulous stock brokers or bank investment advisors in order to get commissions on the trade in 2008. As a result of this, the Wall Street Fraud Watchdog believes that tens of thousands of US senior citizens may have been fleeced out of a large portion of their life savings, or retirement accounts. If an adult child of a US senior citizen believes their parent has been a victim of stock churning on the part of a US stock broker, or bank investment advisor, please call the Wall Street Fraud Watchdog anytime at 866-714-6466, or contact them via their web site at http://WallStreetFraudWatchdog.com
US Mutual Fund Negligence:
To say that most US Mutual Funds have been negligent in the handling of US Mutual Funds, is an all time understatement, according to the Wall Street Fraud Watchdog. Millions of US citizens have seen their life saving vaporize in US Mutual Funds, in the last two years. Was it rocket science to know that share prices in US banks, investment bankers, retailers, homebuilders, machinery manufacturers, auto companies, and other sectors would all plummet, as a result the US real estate implosion? According to the Wall Street Fraud Watchdog, “so what did mutual fund managers do? Watch or stand by as the stock went to zero?” According to the group, “There needs to be accountability on the part of US Mutual Fund Managers, and there needs to be class actions, or lawsuits for this extreme negligence.” If you are a victim of a significant Mutual Fund loss please feel free to contact the Wall Street Fraud Watchdog anytime at 866-714-6466 or visit their web site at http://WallStreetFraudWatchdog.com.
The Wall Street Fraud Watchdog is all about investor protection and Wall Street integrity. For more information cheated US, or International Investors can contact the Wall Street Fraud Watchdog anytime, at 866-714-6466 or visit their web site at http://WallStreetFraudWatchdog.com.
Jupiter, Fla. (PRWEB) April 22, 2009
Martin D. Weiss, Ph.D, president of Weiss Research, Inc. and author of the new Wall Street Journal bestseller, “The Ultimate Depression Survival Guide,” is donating all of his book royalties to the Campaign to End Child Homelessness, sponsored by the National Center on Family Homelessness. Dr. Weiss presented the first donation ($ 100,000) to Dr. Ellen Bassuk, MD, president of the Center and author of America’s Youngest Outcasts, in a ceremony held at Weiss Research’s Florida headquarters on Friday.
“This donation is an integral aspect of our national grassroots campaign to Protect the People — Not the Banks!” commented Dr. Weiss. “We feel the government’s ongoing attempts to bail out failed financial institutions, such as AIG and Citigroup, are counterproductive in more ways than one. The bailouts not only reward high-risk speculation while punishing prudent investing, but they also divert precious resources desperately needed by the most innocent victims of the housing crisis.”
Dr. Bassuk added: “Even before the housing market collapse, one in 50 American children were homeless each year. Today, with millions of Americans losing their homes in foreclosures, there are certainly many more children on the edge of economic survival. We deeply appreciate Dr. Weiss’ generous contribution to our Campaign to End Child Homelessness.”
Dr. Weiss’ book, The Ultimate Depression Survival Guide: Protect Your Savings, Boost Your Income and Grow Wealthy Even in the Worst of Times (Wiley, April 2009, 978-0-470-39377-2, $ 27.95),provides clear, step-by-step instructions to all Americans on:
How to sell your home if you want to, or keep it if you don’t
How to protect your home from further losses
How to find a truly safe bank or insurer
How to build a substantial cash nest egg and keep it absolutely safe
What to do with your 401k, IRA or savings for your child’s education
The telltale signs will tip you off to a bottom in home prices, stocks and bonds
When to lock in safe, high yields on your money for years to come
Where to find the most promising profit opportunities in a recovery
Meanwhile, the Campaign to End Child Homelessness seeks to:
Strengthen local efforts to end child homelessness with direct assistance to states and communities;
Improve program design and service delivery to meet the unique needs of homeless children and their families; and
Increase public awareness of the scope and impact of homelessness on children.
Dr. Bassuk concludes: “Our Campaign to End Child Homelessness and Martin Weiss’ new book share a common theme–by taking action now, we can come through to see a brighter day.”
To purchase the book, consumers can visit http://www.UltimateDepressionSurvivalGuide.com or any national bookseller. Plus, readers and non-readers alike are invited to make charitable donations to the Campaign to End Child Homelessness at http://familyhomelessness.org/?q=node/14 or by calling 617-964-3834.
About Martin D. Weiss
Martin D. Weiss, Ph.D., founder and president of Weiss Research, Inc., is a nationally recognized expert on banking and insurance company solvency. With more than 35 years of experience, Dr. Weiss has helped empower millions of investors to make better financial decisions through his monthly Safe Money Report and daily Money and Markets.
Dr. Weiss, along with Weiss Research analyst Mike Larson, specifically named nearly all of the major institutions that have suffered a financial failure in this crisis. Weiss predicted the demise of Bear Stearns 102 days prior to its failure, Lehman Brothers (182 days prior), Fannie Mae (eight years prior), and Citigroup (110 days prior). Similarly, the U.S. Government Accountability Office (GAO) reported that, in the 1990s, Weiss greatly outperformed Moody’s, Standard & Poor’s, A.M. Best and D&P (now Fitch) in warning of future life insurance company failures. (See the Weiss forecast track at http://blogs.moneyandmarkets.com/martin-weiss/the-only-ones-who-warned-ahead-of-time/ and the GAO report at http://archive.gao.gov/t2pbat2/152669.pdf.)
About The National Center on Family Homelessness
The National Center on Family Homelessness, founded in 1988, is the nation’s foremost authority on family homelessness, and the only national organization dedicated solely to helping homeless families. Its Campaign to End Child Homelessness has already generated a strong positive response by the public, the national media, Congress and the White House. The Campaign’s legacy will be that all homeless children will receive the homes, opportunities, and support that they deserve as America’s youngest and most vulnerable citizens. For more information, visit http://www.familyhomelessness.org or http://www.homelesschildrenamerica.org.