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Like a boxer staggering against the ropes at the end of a 15 round, grueling fight, Puerto Rico’s economy is heading down for the count. Meanwhile, Mom and Pop investors in Puerto Rico’s debt face getting the shaft due to a new law that puts government agencies first and investors […]
Move over O.J. Simpson. It looks like the Big Wall Street Banks just got away with something close to murder. After causing $2.7 trillion in investor losses during the financial crisis, it looks like the Too Big To Fail gang will pay a paltry $100 billion collectively to resolve all […]
The worldwide asset bubble is growing to alarming proportions. Spanish bonds are hotter than at any time since George Washington was president. Manhattan real estate valuations are reaching higher than the Empire State building, and a French cable TV company you have never heard of just borrowed $11 billion, the […]
Sometimes lightning does strike twice. For the second time in less than a week, the U.S. Supreme Court dealt a blow to big business by issuing a ruling in favor of plaintiffs suing in “stock-drop” cases—this time for employees invested in company stock plans bringing class actions under ERISA. The […]
In a case heavily watched by both business and investor advocates, the Supreme Court this week dealt a blow to big business in their efforts to try to get rid of investor class action lawsuits. In the Halliburton decision, decided this week, the Court preserved the continuing vitality of the […]
Employees who retire from big companies like Hewlett-Packard Co., AT&T Inc. and United Parcel Service Inc. are being fleeced by stockbrokers who induce them to roll over their 401(k) nest eggs to Individual Retirement Accounts – IRAs – and then buy investment products that pay higher commissions to the brokers, […]
Financial advisors with yield hungry clients have been pitching hedge funds and alternative investments to their retail customers. It turns out that hedge funds and “liquid alts,” as they are known, often aren’t what they are supposed to be. A hedge fund’s purpose is to maximize investor returns and eliminate […]
Over the past decade, the securities industry has moved from commission based stock brokerage accounts to “fee-based” accounts to curtail “churning” by stockbrokers of their customers’ accounts. Regulators were concerned that brokers who were charging commissions for each trade had an incentive to churn the accounts. The hope was that […]
A mulligan among friendly golfers is a do over or penalty free replay of a bad shot. Weekend duffers in friendly matches give each other do-overs from time to time. Pros like Phil Mickelson, however, do not get mulligans. It’s an unfair advantage which is not legal under the strict […]
The Federal Reserve’s low interest rate policies have pushed investors pursuing returns, or “chasing yield” as it’s known on Wall Street, to buy riskier assets, including junk bonds and penny stocks. Investors are piling into the riskiest corporate bonds, while others are plowing into incredibly risky shares of tiny publicly […]