Charles Schwab Yield Plus Litigation
N/AOUTCOME: Resolved
Represented multiple clients against Charles Schwab for the sale of unsuitable Yield Plus bond funds.
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Richard Frankowski's Legal Cases (7)
Birmingham, AL
Securities and investment fraud Lawyer at Birmingham, AL
Practice Areas: Securities & Investment Fraud, Class Action
Bear Stearns Litigation
N/AOUTCOME: Resolved
Represented multiple investors from around the country for the losses sustained in the Bear Stearns dissolution
Raymond James Variable Annuity Cases
N/AOUTCOME: Resolved
Represented multiple claimants against Raymond James for unsuitable variable annuity investments sold to them.
Morgan Keegan RMK Bond Fund Litigation
N/AOUTCOME: Resolved
Represented hundreds of individual investors against Morgan Keegan for the inappropriate and unsuitable sale of high risk, leveraged, structured investments.
Ponzi Scheme
N/AOUTCOME: Resolved
Birmingham, Alabama Ponzi Scheme. My firm represented 19 investors whose savings were taken by the wrongful conduct of a local broker
GWG L Bond Litigation
N/AOUTCOME:
GWG Holdings, Inc., a financial services firm based in Dallas, Texas, filed for bankruptcy on Wednesday, April 20. The bankruptcy filing had been predicted based on the company’s failures to make princ ... ipal and interest payments on its L Bonds series and its missed deadlines to file audited financial statements for the past two years. What are GWG L Bonds? GWG Holdings, through subsidiary GWG Life, LLC, owns life insurance policies. GWG Holdings used these policies to form investments called “L Bonds.” These L Bonds allowed investors to purchase life insurance policies on a secondary market, using payouts from the deaths of the insureds to pay investors. GWG L Bonds Collapse GWG Holdings' L Bonds became popular with brokerage firms and financial advisors a few years ago, with many advisors soliciting their clients’ purchase of these bonds.
Westpark Capital and GWG L Bonds
N/AOUTCOME:
WestPark Capital clients who were sold GWG Holdings L bonds may have the right to pursue legal claims to recover their losses in the risky, illiquid investments. WestPark Capital, a broker dealer headq ... uartered in Los Angeles, California, is believed to be among the advisory firms who sold L Bonds to its clients. As previously covered in this space, GWG Holdings, Inc., a financial services firm based in Dallas, Texas, filed for bankruptcy on Wednesday, April 20. The bankruptcy filing had been predicted based on the company’s failures to make principal and interest payments on its L Bonds series and its missed deadlines to file audited financial statements for the past two years. What are GWG L Bonds? GWG Holdings, through subsidiary GWG Life, LLC, owns life insurance policies. GWG Holdings used these policies to form investments called “L Bonds.”