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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 […]
When a customer shops at a used car lot to purchase a previously owned vehicle, she can usually check the dealer markup by comparing the offering price to the book value in the Kelley Blue Book, a well-respected pricing guide. That way, the consumer can tell if she is about […]
In order to sell stocks to individual investors, securities brokers must register with the Financial Industry Regulatory Authority (FINRA). This registration requirement is designed as a protection for individual investors, as registered brokers are subject to numerous rules and regulations pertaining to fraud and other sales practice violations. When a […]
As an individual investor, you are entitled to a number of important protections under federal law. One of these protections exists in the form of the “fiduciary duty” that investment advisors owe to their clients. Fundamentally, the fiduciary duty requires investment advisors to act in their clients’ best interests when […]
Last year, we reported on a case in which the Securities and Exchange Commission (SEC) was pursuing charges against a Chicago investment advisor, Daniel H. Glick, for allegedly defrauding senior investors out of millions of dollars and using their savings to fund his own lavish lifestyle. Federal prosecutors pursued criminal […]
Five years after the Puerto Rico bond market collapsed, ruining the retirement and life savings of thousands of retail investors, investigators are likely to place much of the blame on the big banks who underwrote and sold the bonds to Mom and Pop clients. According to recent news reports, an independent […]
On April 12, 2018, a federal grand jury in Tennessee indicted John Sherman Jumper, a former securities broker, on charges relating to an alleged $5.7 million fraud scam targeting the pension funds of a brick manufacturing company located in Pennsylvania. The indictment came following an investigation conducted by the Federal […]
If you are like most people, you rarely give much thought to your 401k. You know it is there, and you know you contribute to it with every paycheck, but you do not watch it closely, and you certainly do not monitor it for signs of fraud. Unfortunately, financial fraud […]
Investors in cryptocurrencies face challenges as the market for virtual coins isn’t as carefully regulated as the market for trading in many other types of assets. Working with a cryptocurrency lawyer is advisable to ensure that your rights are protected and that you make sure your investment dollars are as […]
Investing in cryptocurrency comes with many risks, even beyond the risks inherent in investing in a volatile asset. A Bitcoin attorney can provide help to clients in understanding and mitigating those risks in order to maximize the chances that investing in cryptocurrency can produce a positive return on investment. One […]