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After the tech and telecom stock bubble burst in 2000, analysts at investment banks who hyped such failures as Pets.com and WorldCom were proven to be major culprits. Indeed, stock analysts at the time publicly praised tech and telecom companies in research reports, which brokers then used to sell shares to […]
In the years leading up to Puerto Rico’s bond crisis, evidence from multiple sources pointed to investment banks like UBS as major culprits in the island territory’s financial collapse. While these banks have fought back against allegations of impropriety, they have been largely unsuccessful in avoiding liability in FINRA arbitration, […]
Two recent examples of Wall Street’s abuse of its customers prove that Wall Street still doesn’t get it. The customer comes first, not the firm or the broker. It’s no wonder that first up is Wells Fargo, which has been dogged for almost two years with repeated scandals, all revealing a […]
Those who are investing in Bitcoin and other cryptocurrencies need to carefully watch regulatory actions and, often, should pay close attention to opinions shared by regulators that could provide hints as to the future of the cryptocurrency market. A cryptocurrency lawyer can provide more insight into changes in the law […]
Investing in virtual currencies such as Bitcoin can be lucrative if you invest at the right time and understand the investment you are making. However, there is also a big risk to cryptocurrency investing. Many people want to take the risk because of the potential for substantial returns as the […]
The Financial Industry Regulatory Authority (FINRA) recently announced that Fifth Third Securities has agreed to pay $6 million in fines and restitution for disclosure violations and fraudulent investment recommendations. While consenting to the entry of FINRA’s findings, Fifth Third Securities neither admitted nor denied the charges against it. According to […]
A recent, questionable deal by the Wall Street behemoth, Blackstone has shaken investor confidence in the markets. For months now, the Wall Street Journal has been reporting on a shady deal between Blackstone and Hovnanian Enterprises. One of the largest asset managers in the world, Blackstone offered Hovnanian a low-cost […]
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 […]