We Haven’t Learned The Lessons Of The Financial Crisis

As we sit a few days past the ten-year anniversary of Lehman Brothers’ downfall on September 15, 2008, it is clear that Wall Street and investors have not learned the lessons of the financial crisis. Following the bankruptcy of Lehman Brothers, the entire financial system was on the verge of failure.  A panic and contagion …

Is Tesla Going To Pot?

It’s been a terrible summer for Tesla’s billionaire CEO, Elon Musk. Last month, Musk, who is Tesla’s single largest shareholder and owns 20% of the company,  said he was considering converting Tesla to a private company. The post not only sent the stock zooming upwards, it also caught the attention of securities regulators. Days later, Musk …

The SEC Could Learn A Thing Or Two From Puerto Rico

Thousands of Puerto Rico residents have filed investment fraud cases against UBS, Santander, Banco Popular and Oriental. Given the pain those investors are suffering in the aftermath of the collapse of Puerto Rico’s bond market, it’s hard to believe, but Puerto Rico could teach the Securities and Exchange Commission about protecting investors. Indeed, the island …

Stock Analysts Remain Deeply Conflicted

After the tech and telecom stock bubble burst in 2000, analysts at investment banks who hyped such failures as Pets.com and WorldCom were proven to be major culprits. Indeed, stock analysts at the time publicly praised tech and telecom companies in research reports, which brokers then used to sell shares to Mom and Pop investors. In …

When Will Wall Street Learn to Put the Customer’s Interests First?

Two recent examples of Wall Street’s abuse of its customers prove that Wall Street still doesn’t get it. The customer comes first, not the firm or the broker.   It’s no wonder that first up is Wells Fargo, which has been dogged for almost two years with repeated scandals, all revealing a toxic culture that emphasized finding …

SEC Chairman Comments on Investing in Cryptocurrencies

Those who are investing in Bitcoin and other cryptocurrencies need to carefully watch regulatory actions and, often, should pay close attention to opinions shared by regulators that could provide hints as to the future of the cryptocurrency market. A cryptocurrency lawyer can provide more insight into changes in the law and the shifting legal landscape …

New Coin Investing App May Prove Helpful to Rookie Investors

Investing in virtual currencies such as Bitcoin can be lucrative if you invest at the right time and understand the investment you are making. However, there is also a big risk to cryptocurrency investing. Many people want to take the risk because of the potential for substantial returns as the cryptocurrency market expands. A Bitcoin …

Fifth Third Securities to Pay $6 Million for Improper Disclosures and Unsuitable Investment Advice

The Financial Industry Regulatory Authority (FINRA) recently announced that Fifth Third Securities has agreed to pay $6 million in fines and restitution for disclosure violations and fraudulent investment recommendations. While consenting to the entry of FINRA’s findings, Fifth Third Securities neither admitted nor denied the charges against it. According to FINRA, Fifth Third Securities: “[Failed] …

Recent Blackstone Deal Confirms That The Market Is Rigged

A recent, questionable deal by the Wall Street behemoth, Blackstone has shaken investor confidence in the markets.  For months now, the Wall Street Journal has been reporting on a shady deal between Blackstone and Hovnanian Enterprises. One of the largest asset managers in the world, Blackstone offered Hovnanian a low-cost loan and “persuaded the builder …

Federal Judge Imposes Civil Penalties Against Ex-UBS Puerto Rico Broker

As Puerto Rico’s bond crisis continues, the evidence is continuing to mount that brokers and investment advisors at large investment firms such as UBS Puerto Rico, Santander and Popular Securities are largely responsible for retirees’ and other individuals’ investment losses. In addition to numerous arbitration awards against these firms and their brokers and advisors, a …