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As an investor, you expect to deal with market fluctuations, and you understand that your portfolio will experience ups and downs over time. But, one thing you do not expect is to lose your life’s savings to broker or investment advisor fraud. Unfortunately, in today’s world this is a legitimate […]
As the stock market skids downward and sees increased volatility, investors should take a close look at their secured loan portfolios. All across Wall Street, securities-based lending is red hot, as The Motley Fool noted. And guess who the target is? You guessed it, Mom and Pop. Nearly a decade […]
The Financial Industry Regulatory Authority (FINRA) is one of various authorities tasked with promoting transparency and investor safety within the retail investment industry. Specifically, among other roles, FINRA maintains a broker registration system under which all individual brokers and brokerage firms must register before offering their services to individual investors. […]
On September 26, 2018, the Financial Times reported that TFS-ICAP, the foreign exchange brokerage firm, pleaded guilty to securities fraud in relation to a criminal investigation by the New York Attorney General’s Office into foreign exchange currency options. The charges stem from an investigation into the posting of fake trades, […]
The law firm is investigating former Wells Fargo financial advisor John Greg Schmidt (“Schmidt”) also known as Greg Schmidt. On September 25, 2018 the Securities and Exchange Commission (SEC) filed a complaint against Schmidt, alleging he engaged in a “Ponzi” scheme for years where he stole funds from customers’ accounts. […]
Many investment fraud scams involve fees and transaction costs that are designed to allow brokers and advisors to profit at their customers’ expense. But, in most cases, these fees and costs are disguised or limited in such a way that the relationship still seems worthwhile to individual investors. In one […]
The market sell-off last week reminded investors that October can be spooky, and Halloween is still weeks away. From Wednesday to Friday, the S&P 500 hit fresh lows, dropping 5% in hours, with most stock averages down 4% after the rocking and rolling week. Remember, Wall Street traders are particularly nervous in […]
After a string of high-profile cases, there was a lull where we didn’t hear much at all about Ponzi schemes. But, the well-known (though often-misunderstood) financial fraud scam came roaring back into the headlines last month when the Securities and Exchange Commission (SEC) unsealed a Complaint in which it alleged […]
Perhaps the biggest complaint by investors following the 2008 financial crisis was that not a single Wall Street executive was held accountable for their misdeeds. People were upset, angry and annoyed. After all, Wall Street banks nearly led to the collapse of the global financial system. Indeed, the fall of […]
Bitcoin is around 10 years old, but the future of the cryptocurrency remains uncertain according to a recent Forbes article. According to Forbes, a new report indicates that the financial system that created Bitcoin could end up making the cryptocurrency obsolete. Investors need to be aware of the potential risks […]