When Mom and Pop Investors Join the Market Party, You Know It’s Time to Get Nervous

Last week, the bull market in stocks, which started after the financial crisis hit bottom in March 2009, reached its eight-year anniversary. It’s the second longest bull run in S&P 500 history, adding more than $14 trillion in value to the index over that time. That’s all good news for investors, but market tops are …

Wall Street Should Ban Bad Brokers

If you owned a school bus company, you would make sure that your drivers don’t have DWIs on their records or a history of fender benders before you put them in charge of driving children to school. Is Wall Street performing the same due diligence? How are these global banks ensuring that their stockbrokers who …

6 Signs of an Investment Scam

As an individual investor, you have plenty of important questions to consider. How do you choose a trustworthy broker or investment advisor? How do you know if an investment is too risky for your personal investment strategy? When is the right time to invest; and, when is the right time to sell? Unfortunately, as numerous …

Citigroup to Pay $18.3 Million for Illegal Investment Advisory Fees

In an Order dated January 26, 2017, the Securities and Exchange Commission (SEC) demanded payment of $18.3 million from Citigroup Global Markets, Inc. (“Citigroup”) stemming from allegations that the advisory firm had charged its clients millions of dollars in unauthorized fees from 2000 through 2015. The $18.3 million payment demand includes $3.2 million in disgorgement …

Tainted Stock Research Is Back Again

It looks like déjà vu all over again on Wall Street. Get ready for a classic play by investment banks; conflict rich reports on companies by analysts who are hustling to generate fees. This dark mark on Wall Street was supposed to be a memory of the past. In 2003, Wall Street firms and securities …

Is Your Broker Trading at Your Expense?

While brokers are supposed to make their money by recommending sound investments, some brokers choose to earn a living by making trades that generate fees and commissions without serving the best interests of their clients. The Securities and Exchange Commission (SEC) has warned of these fraudulent practices previously, and it recently issued updated investor guidance …

Key Statistics from FINRA’s U.S. Investor Survey

Each year, the Financial Industry Regulatory Authority (FINRA) surveys U.S. investors with non-retirement portfolios and publishes the results of the survey in a report called, “Investors in the United States.” It recently released the results of its survey for 2016. Here are some of the highlights: More than 50 Percent of Investors Rely on a …

The SEC’s 10 Tips for Safe Investing in 2017

It’s a new year, but individual investors continue to face many of the same risks when it comes to broker fraud, unsuitable investment advice and fraudulent investment scams. If you are planning to invest in 2017, the Securities and Exchange Commission (SEC) has 10 tips for, “mak[ing] better informed investment decisions and avoid[ing] common scams” …

Ex-NFL Player Accused of $6 Million Investment Fraud

One of the first rules of investing for individual investors is to make sure you give your money to someone you trust. Boiler rooms are making a comeback, and unsolicited calls and emails from supposed investment brokers are classic signs of a fraudulent investment scam. But, what if you hear about an investment opportunity from …

What to Expect When You File for Securities Arbitration

If you have suffered losses in your brokerage account due to broker fraud, the primary way to recover your losses is by filing for securities arbitration with the Financial Industry Regulatory Authority (FINRA). Federal regulations require all registered brokers to arbitrate disputes with their clients through FINRA, and FINRA arbitration is generally quicker and more …