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Monthly Archives: April 2016

Equinox to Refund Investors $5.4 million

By Tom Costello of Costello Law Group Alternative fund manager Equinox Fund Management, LLC recently settled charges with the Securities and Exchange Commission (SEC). The SEC alleged that Equinox misrepresented and misled investors about a specific fund named The Frontier Fund (TFF). The SEC alleged that Equinox misrepresented the amount of management fees […]

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Firm and its Founder Barred from Securities Industry

By Tom Costello of Costello Law Group FINRA arbitration panel awarded investors $1.9 million in compensatory and punative damages against a broker-dealer named NSM Securities, Inc., and its founder, Niyukt Raghu Bhasin. The investors claimed the firm churned their accounts. The firm has been barred from any membership or association with FINRA. Mr. […]

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A statement of claim was filed against Morgan Stanley

By Tom Costello of Costello Law Group  A couple in North Carolina recently filed a statement of claim against Morgan Stanley due to investment losses in an energy investment named Morgan Stanley Cushing MLP High Income ETN. The couple are claiming that they lost over $100,000 of the $150,000 they had invested. This […]

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