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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 […]
While senior investment fraud has long been a major concern, a recent study suggests that senior investors now have even more reason to do their due diligence and carefully monitor their investment portfolios. According to the North American Securities Administrators Association’s (NASAA) Seniors & Financial Exploitation survey published August 2017, […]
Regular readers of this blog know that on Wall Street, greed is considered good. Big banks keep on repeating the mistakes of yesterday. Never mind the often, disastrous consequences that follow. In fact, one of the biggest mistakes, high-risk collateralized debt obligations, CDOs, is once again on the rise after […]
“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 […]