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“It may not be possible to predict when the next natural disaster will take place. What you can count on is that when it happens, scammers will try to take advantage of the situation.” These words from the Financial Industry Regulatory Authority (FINRA) underscore one of the hidden risks associated […]
A recent article on Forbes.com highlights many of the types of investment scams that target individual investors. While many of these scams target inexperienced investors and individuals who may not have previously been considering investing at all, several recent high-profile cases have shown that even savvy investors who understand the […]
A recent article from Investment News exposes the sad case of an elderly blind man who lost approximately $200,000 when he mistakenly placed his trust in a seemingly-friendly broker employed by HSBC Securities. Over a several-year period, the broker purchased two New York apartments for himself using the elderly man’s […]
The new fiduciary duty rule, one of the most important developments in investor protection in decades, is bouncing awkwardly around Washington like a football after its kickoff. Where will it land? And with the Republicans in control of the nation’s capital, will anyone pick it up and race across the […]
As the stock market coasts along at all-time highs, market observers are sensing that a big correction – a fall of at least 10% in the broad market – is on the horizon. At a time when many observers say financial hazards are sharply increasing, Wall Street firms are pumping […]
Last month, the Republican controlled House of Representatives passed the “Financial Choice Act,” which, if passed in the Senate, and then signed into law, would gut reforms to the financial system created by the 2010 Dodd-Frank Act. Democrats immediately dubbed it the “Wrong Choice Act” because it would eviscerate Dodd-Frank, […]
Now that Puerto Rico has filed for bankruptcy protection, many investors living in the island territory and on the U.S. mainland are anxiously awaiting a final resolution. How did we get here, and what can investors in Puerto Rico’s municipal bonds reasonably expect? Here is a recap of our coverage […]
Puerto Rico filed for bankruptcy in May. That is likely to wreak havoc on investments held by many Mom and Pop investors on the island. The state of Illinois seems to be following Puerto Rico’s lead. Will Mom and Pop investors who own Illinois bonds face a similar crisis? On […]
The Financial Industry Regulatory Authority (FINRA) is a non-governmental organization that has Congressional authorization to regulate the financial services industry, and it is one of the key watchdogs helping to protect individual investors against fraudulent investment losses. Investment advisors working in the United States must register with FINRA, and FINRA […]
Puerto Rico filed for bankruptcy on May 3, 2017, setting in motion an uncertain chain of events that will not only have drastic consequences for the territory’s bondholders, but which could also provide guidance for other United States territories – such as the U.S. Virgin Islands which is currently carrying […]