Investors that have purchased leveraged or inverse ETFs through a brokerage account or managed account offered by Merrill Lynch, a subsidiary of Bank of America (NYSE:BAC), Morgan Stanley Smith Barney (NYSE:MS), Wells Fargo Advisors (NYSE:WFC), Ameriprise Financial (NYSE:AMP), UBS (NYSE:UBS), LPL Financial, Raymond James (NYSE:RJF), Edward Jones, or other brokerage firms and have sustained losses should contact the attorneys at the Securities Arbitration Firm of Menzer & Hill, P.A. to determine if they have a claim for a recovery of losses.

Leveraged and inverse ETFs can be volatile and investors may have realized or unrealized losses in the following ETFs year to date, including but not limited to:

For a free case evaluation or to discuss any other investment losses, please contact the Securities Arbitration Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.suemyadvisor.com.

Scott+Scott LLP filed a class action against certain current and former officers and directors of the Advanta Corporation ("Advanta") and KPMG LLP, Advanta's auditor, in the Court of Common Pleas of Montgomery County, Pennsylvania. On July 23, 2010, the action was removed to the United States District Court for the Eastern District of Pennsylvania. The action for violation of the Securities Act of 1933 is brought on behalf of those purchasing Advanta RediReserve variable rate certificates and investment notes (collectively, the "RediReserve Notes") during the period beginning June 24, 2007 through November 8, 2009, inclusive (the "Class Period").

If you purchased RediReserve Notes during the Class Period and wish to serve as lead plaintiff in the action, you must move the Court no later than 60 days from the date of this notice. Any member of the investor class may move the Court to serve as lead plaintiff through counsel of its choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action or have questions concerning this notice or your rights, please contact Scott+Scott (scottlaw@scott-scott.com; (800) 404-7770; (860) 537-5537 or visit the Scott+Scott website, http://www.scott-scott.com) for more information. There is no cost or fee to you.

The complaint in this action alleges that, during the Class Period, Advanta's registration statements in connection with the offering of RediReserve Notes contained materially false statements of facts. These registration statements contained numerous positive portrayals regarding the state of Advanta's business, the adequacy of its capital reserves and the creditworthiness of its customers. These statements are alleged to be false because (1) Advanta was engaged in "unsafe or unsound banking practices," (2) Advanta operated with inadequate capital for its risk profile, (3) Advanta operated in a manner that did not ensure satisfactory earnings, (4) Advanta was unfairly increasing the interest rate it charged its credit card customers, and (5) Advanta's weak underwriting standards caused it to have numerous customers that were not creditworthy.

The complaint alleges that the individual defendants in this action signed Advanta's materially false registration statements. The complaint further alleges that KPMG served as Advanta's auditor during the Class Period and vouched for the false statements in Advanta's registration statements.

Scott+Scott has significant experience in prosecuting major securities, antitrust and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals and other entities worldwide.

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of all persons or entities who purchased the common stock of TeleNav, Inc. pursuant to the Company's Registration Statement and Prospectus (collectively, the "Registration Statement") issued in connection with its May 13, 2010, initial public offering (the "IPO"). The class action lawsuit was filed in the United States District Court for the Northern District of California.

TeleNav provides wireless location-based services in North and South America, Asia, and Europe. The Complaint alleges that the Company and certain of its executive officers and/or directors violated federal securities laws by issuing material misrepresentations to the market concerning TeleNav's business, operations and financial prospects, thereby artificially inflating the price of the Company's securities. Specifically, plaintiff alleges that the Registration Statement was materially false and misleading and failed to disclose that: (a) the Company would soon be renegotiating its contract to provide its largest customer, Sprint Nextel Corporation ("Sprint"), with its Sprint Navigation application, which would result in lower overall revenues to TeleNav; (b) Sprint's unwillingness to continue with the same contract terms beyond December 31, 2010 would result in lower revenues from Sprint and negatively affect TeleNav's other wireless relationships; and (c), as a result, the foregoing would cause TeleNav's financial results to trend adversely compared to the trends included in the Registration Statement.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased TeleNav common stock pursuant to the Registration Statement issued in connection with the Company's May 13, 2010 IPO, you have certain rights, and have 60 days from the date of this Notice to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, Toll-Free at (888) 638-4847, by email to howardsmith@howardsmithlaw.com or visit our website at www.howardsmithlaw.com.

Practice Areas

We represent clients in cases involving the following practice areas:

• Securities Arbitration / Litigation
• Annuities and Insurance Arbitration / Litigation
• Investment Advisor and Financial Planning Arbitration / Litigation
• Hedge Fund and Alternative Investment Fraud Arbitration / Litigation
• Futures and Commodities Arbitration / Litigation
• Broker Representation

Investigations/Cases

Based on current events and regulatory focus on these special securities and products, these are some of the areas that Menzer & Hill, P.A. are investigating:

• Exchange Traded Funds (ETFs)
• Indexed Annuities
• Variable Annuities
• Structured Products

Menzer & Hill, P.A. is truly dedicated and devoted to making sure that the average investor is protected and represented against the abuses of Wall Street.

The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal.

The SEC is investigating the practice called "quote stuffing" where exceptionally large numbers of orders to buy or sell stocks are placed and canceled almost immediately, the Journal said citing anonymous sources. It is also reviewing another practice known as "sub-penny pricing," where orders are priced in increments smaller than a penny, but are far from the price at which the stock is trading.

Quote stuffing and sub-penny pricing have become more prevalent as high-frequency computer trading has become the dominant part of the stock market in recent years, the Journal said.

The SEC could also be trying to determine if the pair of practices played a role in the May 6 "flash crash," a panicked disruption in trading that saw the Dow Jones industrials drop hundreds of points in minutes.

The Journal said the SEC wants to figure out if the practices artificially drive stock prices lower or help make it appear there is more trading volume than there truly is, which would allow sellers to profit from perceived rising demand. Manipulating share prices to benefit from the distortions would be considered illegal.

Menzer & Hill, P.A., is a nationally known securities law firm headquartered in Boca Raton, Florida.  The primary focus of the Firm is representing investors nationwide that have lost money due to the negligence of their brokers/financial advisors and the failure to supervise by their broker-dealers. Menzer & Hill, having formerly held Corporate Counsel and Chief Compliance Officer Positions for a publicly traded broker-dealer, bring a truly unique perspective and understanding of how broker-dealers defend against arbitration claims as well as the knowledge of the insurance coverage these firms carry. 

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Connecticut's Supreme Court has dismissed a lawsuit against the state by workers who said they were entitled to $127 million in stock proceeds used by the state to fill a budget gap.

The 6-1 decision issued Wednesday centers on 2.2 million shares that Anthem Insurance Co. issued when it converted from a mutual company to a stock company in 2001.

Former public defender Ronald Gold alleged he and up to 40,000 other state workers were entitled to the profits as policyholders. The state said the government, not the individuals, held the policy.

Gold's attorney says they still have a pending lawsuit against Anthem, alleging it gave the stock to the wrong entity.