Firm News

Investor Rights Attorney Dan Broxup of Mika Meyers, PLC is Investigating Claims Against Brokerage Firms that Made Unsuitable Recommendations of United Development Fund IV

Investor Rights Attorney Dan Broxup of Mika Meyers, PLC is Investigating Claims Against Brokerage Firms that Made Unsuitable Recommendations of United Development Fund IV

This year has truly been an annus horribilis for investors in United Development Fund IV. In February, the beleaguered real estate investment trust was publically labeled a Ponzi scheme by a prominent hedge fund manager. Shortly thereafter, its offices were raided by the FBI. In October, the trust reported that it had…

Churning Alert: Anthony Mastroianni Jr, Alexander Capital, LP and JP Turner & Company LLC

Churning Alert: Anthony Mastroianni Jr, Alexander Capital, LP and JP Turner & Company LLC

According to his Brokercheck Report, Anthony Mastroianni Jr, a former general securities representative of Alexander Capital, L.P. (CRD# 40077) and J.P. Turner & Company, L.L.C. (CRD# 43177) is the subject of two customer complaints relating to churning. Investor claims attorneys, Mika Meyers PLC, are representing one of the victims, an…

Investor Alert: Michigan Investor Claims Attorneys Mika Meyers, PLC, Are Investigating Potential Unauthorized Trading Claims Against Detroit-Area Broker, David Rubenstein

Investor Alert: Michigan Investor Claims Attorneys Mika Meyers, PLC, Are Investigating Potential Unauthorized Trading Claims Against Detroit-Area Broker, David Rubenstein

Michigan securities fraud and investment claims attorneys Mika Meyers, PLC are interested in talking to customers or former customers of Detroit-area broker, David K. Rubenstein  (CRD# 2514293), formerly of Ameriprise Financial.  In 2015, Mr. Rubenstein left Ameriprise while under review for violations of company policy relating to the “unauthorized use…

Michigan Securities Law Firm, Mika Meyers, PLC, is Investigating Losses Related to Dividend Capture Funds

Michigan Securities Law Firm, Mika Meyers, PLC, is Investigating Losses Related to Dividend Capture Funds

“Dividend capture” is an investment strategy that involves frequently selling “ex dividend” shares (usually on or soon after the ex-dividend date) and using the proceeds to purchase “cum-dividend” shares of different companies. [1]  The strategy has obvious intuitive appeal (more dividends is generally a good thing), so why has one prominent critic called it an “economic…