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Not only is the Puerto Rico government carrying over $70 billion in Puerto Rico debt and $40 billion in unfunded pension liabilities, the recent tax bill just signed by President Trump has called for a 12.5% tax on intellectual property income made by companies operating in Puerto Rico. After being […]
While many cases of investor fraud involve scam artists and independent advisors who start their own “wealth management” firms so that they can take advantage of unsuspecting investors, a large percentage of cases also involve the major Wall Street firms. This comes as a surprise to many investors. Many investors […]
Reminiscent of the dot-com boom and bust of 20 years ago, investors are piling into Bitcoin. Bitcoin, the cryptocurrency, has soared in value, starting this year at $1,000 and will likely hit $20,000 in the very near future. In fact, Bitcoin is now in the “mania” phase, with some people even borrowing money to get in […]
Investment fraud schemes are a serious concern for senior investors. Unfortunately, many unscrupulous brokers and advisors seek to prey on the elderly, knowing that they are likely to have sizable portfolios and assuming that they are less capable of protecting themselves financially. We recently discussed a study which suggested that […]
Recent news headlines have revealed that leading politicians, entertainers and prominent business people allegedly have engaged in sexual harassment and assault. The Weinstein Company, a prominent film production company, is in financial dire straits after multiple harassment allegations have surfaced against one of its founders, Harvey Weinstein. These cases are […]
As an individual investor, it is important to make informed decisions about your investments and who you trust to manage your portfolio. Whether you want to learn more about a particular type of investment product, you need to research a broker’s or advisor’s background, or you want to learn about […]
Retail investors who have recovered most of their losses from the 2008 financial crisis seem to be getting skittish about the market. According to The Wall Street Journal, investors pulled money out of junk-bond funds at a near record pace over the past week. Net flows from high-yield bond funds […]
Hurricane Maria has inflicted tremendous suffering on the Island of Puerto Rico and its 3.5 million inhabitants. Conditions are still perilous almost two months after the storm. Puerto Rico’s people face a lack of potable water, no electricity for 70% of the island and meager amounts of food and medical supplies. […]
As someone who is saving for retirement, working with a broker or investment advisor, or managing your own online brokerage account, there are laws that protect you. These laws regulate the securities markets in the United States and impose legal standards on the companies and individuals that sell stocks and […]
While many victims of investment fraud are ordinary “mom and pop” investors, anyone who invests through a brokerage firm or advisor faces the risk of suffering fraudulent losses. This is true not only for those who invest with small firms operated by scam artists, but for those who invest with […]