Trusting your money to an investment broker always involves some degree of risk. However, if you lose a substantial portion of your finances in a relatively low-risk investment, it may be worth investigating potential instances of misrepresentation and omission. Defining misrepresentation and omission Losing your money in the stock market is not enough evidence on […]
Investing money depends on the parties conducting transactions to operate ethically and legally. The Financial Industry Regulatory Authority is an entity set up by the U.S. Congress to govern brokers and financial dealers in New York and nationwide. This nonprofit agency writes the rules that brokers must observe when handling investments for their clients. Violations […]
Taking a broker’s expert advice requires a tremendous amount of trust. Many investors in New York take great care to work with brokers who are experienced, knowledgeable and trustworthy. Unfortunately, it is not always easy to spot broker misconduct, which can result in significant — and avoidable — losses. Brokers are supposed to understand the […]
Federal authorities say that an out-of-state pastor and investment adviser worked together to defraud investors for millions of dollars. Many of the victims of this investment fraud were elderly, an age group that is vulnerable to these types of scams. Since fraudulent investors in New York often target the elderly, this outcome is sadly not […]
Investors stand to benefit from new transparency requirements set to take effect this summer. Regulation Best Interest, adopted by the Securities and Exchange Commission (SEC) last year, will require brokers to follow updated guidelines when making recommendations to a retail customer. What should investors know about these new standards? Here is a brief overview. A […]
The U.S. Securities and Exchange Commission recently accused an investment group and its manager for fraudulently raising tens of millions of dollars from investors. The manager is facing multiple securities fraud charges, including violating federal securities laws. Finding the right representation in Puerto Rico may be a priority for investors as these actions allegedly took […]
The old adage “All boats float until the tide goes out” is aproproriate in these turbulent times. The market gyrations of last week will undoubtedly continue until the thick clouds of Cov-19 uncertainty clear up. The receding markets will expose portfolios that are subject to leverage and the resulting exponential loss of capital in a […]
Ponzi schemes prey on investors who think they are making smart, sound decisions. The average person can lose quite a bit in one of these schemes. It is important to understand that Ponzi schemes are not just a problem of the past. In 2019, authorities discovered 60 separate Ponzi schemes across the United States. There […]
Money is almost a universal concern among adults, but especially for the elderly who might be living on fixed incomes and limited retirement savings. New York scammers understand this all too well and use it to their advantage when committing securities fraud and elder financial abuse. These acts of fraud can — and often do […]
Investors might not hear much about Ponzi schemes these days, but that does mean they are gone. In fact, many people are still running these investment schemes in New York. This form of securities fraud heaps huge losses on those who were led to believe that they were making sound investments. Two men were recently […]