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If you lost money in stocks or other investments due to financial advisor fraud or misconduct, filing for arbitration under the Financial Industry Regulatory Authority (FINRA) guidelines may be your only opportunity to recoup your losses. Financial advisor and securities firm contracts typically mandate use of FINRA arbitration for resolving […]
For many investors, discovering that they are victims of stock broker fraud can have life-changing consequences. If you find yourself in this situation, it is important to know that all is not necessarily lost. If your nest egg has been squandered through unsuitable investments or improper trading, you can seek […]
Puerto Rico this month started to miss bond payments. That means a legal fight between the government and the large institutions that own its bonds is about to begin. This legal battle is on top of the hundreds of individual investors in UBS/Puerto Rico bond funds that have already sought […]
The next 24 hours are dire for investors in Puerto Rico bonds. That’s because one of the island Commonwealth’s major debt issuers is about to default on a $58 million bond payment that is due Saturday, August 1. In an article from Thursday afternoon titled, “Puerto Rico Risking Point of […]
Puerto Rico’s $72 billion debt crisis is changing day by day, but looming over investors in the island Commonwealth’s beaten down bonds, is the potential for default. Last week, Puerto Rico missed a payment to one of its trustees after the legislature failed to appropriate the required funds, according to […]
As we prepare for the Fourth of July holiday, all eyes are on Greece and Puerto Rico. While the situation in Greece is still changing hour to hour, it appears that Greece could still default on its debt which could in turn cause a ripple effect of “contagion” to other […]
The law firm is investigating Voya Financial Advisors over sales of its “L Share” variable annuity policies. Voya Financial Advisors is a division of the New York-based insurance and retirement benefit group formerly known as ING U.S. Inc. Voya Financial Advisors recently announced that it wound not longer sell type […]
The Puerto Rican economy is akin to a drowning man swimming against the tide with no lifeguard in sight. Puerto Rico government bonds continue to be downgraded by the rating agencies. The bonds of its electric utility, PREPA, are rated by Moody’s as “the lowest category possible,” according to a […]
Mom and Pop retail investors who have been holding municipal and corporate bonds are about to get whacked. All signs point to significant declines in bond values. Look out for increased volatility and limited liquidity. Retail investors beware. The junk bond market this week took a hit. “Investors pulled $2.56 […]
The Puerto Rico economy keeps spiraling downward. With fears of bond defaults and/or restructurings and bondholders fighting each other for priority of payments, it’s like watching an ancient Greek tragedy unfold with the knowledge that a king or a queen, at the play’s end, will wind up with a knife […]