Third Avenue, Whitman are sued over junk bond fund collapse

Third Avenue Management, founder Martin Whitman and other executives at the value investment firm have been sued for at least $500 million over last month’s sudden collapse of a junk bond mutual fund they oversaw. In a complaint filed on Friday with a New York state court in Manhattan, an investor in the Third Avenue …

7 Reasons Investors Should Often Avoid What Wall Street Is Selling

When Wall Street lures Main Street into investing in the risky stuff known as “structured products,” things don’t always end well for the customer. Last week’s $19.5 million settlement between investment bank UBS (UBS) and securities regulators is just the latest example of why Mom and Pop have no business getting involved with Wall Street’s …

Wall Street Is Pushing Risk Again

Despite bringing the economy to the brink of collapse in 2008 with excessively risky investments, Wall Street appears to have learned nothing from this near-death experience. Rather than recommending investments of a safer nature, Wall Street is once again hawking the riskiest of investments. According to the Wall Street Journal’s Katy Burne, top investment banks …