A Individuals and their attorneys have filed lawsuits against both the stock issuers and the brokerage firms who engaged in misconduct. Federal and state governments, regulatory agencies and industry groups have also spearheaded efforts to punish the unscrupulous parties and recover damages.
For example, as part of a $1.4 billion settlement between 10 Wall Street brokerage firms and the Securities and Exchange Commission, the New York State Attorney General, the National Association of Securities Dealers, and the North American Securities Administrators Association, $900 million has been set aside to provide "retrospective relief" to injured investors. Don't be left out! If you have been cheated by your brokerage firm, you may be entitled to sue them.
For example, in the past, firms participating in the settlement included: Bear Stearns & Co. LLC; Credit Suisse First Boston Corp.; Deutsche Bank; Goldman Sachs; J.P. Morgan Chase & Co.; Lehman Brothers, Inc.; Merrill Lynch & Co., Inc.; Morgan Stanley; Salmon Smith Barney, Inc.; UBS Warburg LLC.