Banks Law Office, P.C. is monitoring the progress of an FBI investigation into two former Edward Jones brokers based in South Dakota who sold interests in Gibraltar Partners in an alleged Ponzi scheme fraud. Edward Jones has reported that the brokers who sold the Gibraltar Partners investment were not authorized to do so, which constitutes…
Continue reading ›Do you ever wonder why fish end up hooked even after they’ve been caught before? When it comes to investments that sound too good to be true, humans are equally predictable. After a financial loss we can all be tempted by investments that promise quick returns. The following article, originally posted in the Journal Times,…
Continue reading ›As we’ve said before, where there is money, there is greed. It seems that 2011 is the year of commodities and companies prepared to capitalize on investor anxiety. Be careful when investing in gold and if you suspect any suspicious investment strategies, contact us immediately. It costs you nothing, and could save you from investment…
Continue reading ›Banks Law Office is proud to have worked with the North American Securities Administrators Association (NASAA) in filing an Amicus Brief in the Oregon Supreme Court last week. The brief argues that the Oregon Court of Appeals’ decision State of Oregon v. Marsh & McLennan Companies, Inc., 241 Or. App. 107, 250 P.3d 371 (2011),…
Continue reading ›Clients and former clients of financial advisor J. Scott McKee met in Eugene, Oregon last night with attorney Robert Banks to discuss their investment losses and hear an update about Banks Law Office’s investigation into McKee and the investments he sold. Investors were told about their investment rights, and there was a discussion about bases…
Continue reading ›Banks Law Office represents 6 investors who have made claims as a result of investing more than $1 million in Grifphon funds. Bob Banks was quoted on Page 1 of the Portland Business Journal on August 26, 2011 in yet another article about Grifphon and its failure to pay its investors or produce records. We…
Continue reading ›Our office continues to receive complaints and information regarding James Scott McKee. We are offering our information as a public service to investors, and as a part of our commitment to assist state and federal regulators performing their own investigations. In addition to our current investigation into Bedrocks Coffee, we are now investigating other illiquid…
Continue reading ›Banks Law Office has received additional calls from investors and has continued its investigation into “off the books” investments sold through Scott McKee and Quality Financial of Eugene, Oregon. We will hold an informational meeting to report our findings and opinions on August 30, 2011 from 6:30 – 8:00 p.m. at The Valley River Inn,…
Continue reading ›A FINRA arbitration panel has just awarded over $215,000 in compensatory damages plus interest and attorney fees to a Banks Law Office client. The award came after three days of testimony in Seattle, WA. The claim alleged that top-producing Symetra Investment Services financial adviser, Gary Akiyama, solicited his long-time customer to invest money in a…
Continue reading ›Unethical brokers and financial advisors target those they feel are most vulnerable, and often times that is the elderly. Investors close to retirement or already retired are typically the most risk averse and require the most conservative portfolios because they have limited ability to make up for investment losses in the future. First and foremost,…
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