In December of 2004, Edward D. Jones entered into an Admission Waiver and Consent ("AWC") with the National Association of Securities Dealers (NASD) and was issued a Cease and Desist Order from the SEC, which resulted in fines totaling $75 million for failing to properly disclose to its clients the extent and nature of its relationship with what came to be known as "the Preferred Family of...
Among the numerous rules and regulations governing the securities industry, two stand out as guiding principals by which all business is to be conducted. One is to deal fairly, and the second is, "know your customer." The former is somewhat amorphous, a general precept that governs all actions; the latter is designed specifically to crystallize the proper relationship between the broker and the...
Securities Fraud can be defined as negligence or a misrepresentation or omission in connection with the purchase or sale of a security by an investment professional. Although everyone invests with the goal to increase worth, a losing investment does not necessarily equate to a cause of action against the broker for securities fraud, nor do gains on investments necessarily equate to the lack of...
In the wake of the recent and too-numerous-to-count recalls of medical devices, the FDA announced on January 20, 2006 that it is launching a new program to transform and strengthen the way it currently monitors the safety of medical devices after they reach the market -- both new technology and existing products.The FDA Center for Devices and Radiological Health's (CDRH) Postmarket...
Colorado is one of 27 states that has "secondary" seat-belt enforcement, which means officers can only cite drivers for seat-belt violations if they are stoped for other infractions.The Denver Post offers more about the parents of a car accident victim who are fighting for tougher seat belt laws.
ConsumerAffairs.com today discussed a problem with Ford F-series trucks. Apparently the engines don't like the taste of their spark plugs and are spitting them out.The website says they have received more than a dozen complaints already this year, and the issue involves vehicles from the model years 1999-2004.A federally mandated recall would have devastating financial implications for Ford...
Michael Lynch, a volunteer firefighter, was killed while directing traffic after a car accident on US 50. Christopher Gunja was traveling over 50 miles per hour when he slammed into Lynch, who was thrown 136 feet due to the force of the collision.Lynch's wife has filed a lawsuit against Gunja and his parents.According to cbs4denver.com's article about the accident lawsuit:Under Colorado's...
A story from the Denver Post talks about the non-profit group Colorado Citizens for Accountability and their battle to inform the public about medical malpracticeand tort reform. Founded by Patty and David Skolnik, whose son was diagnosed with a brain cyst. Only after he was operated on did the family find out that the doctor who performed the surgery had pending malpractice suits in other...
Attorneys for Rudy Lujan, an inmate at the Crowley County Correctional Facility, are planning to sue the private company that runs the prison, alleging negligence in preventing a July 2004 riot in which Lujan was left for dead.Luhan, a former member of a hispanic gang, was beaten severely and also had a microwave oven smashed over his head during the riot.According to the Rocky Mountain...
The attorneys at Bachus & Schanker, LLC fight every day to level the playing field for individuals and their families. At Bachus & Schanker, LLC, our team of trial lawyers provide innovative and aggressive legal representation for the victims of motor vehicle collisions, semi-truck and other commercial trucking accidents, drunk driving victims, product liability, insurance disputes, insurance...
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