Not all elder abuse is physical. Seniors face an increased risk of financial abuse. As they age, their mental state may decline, leaving them susceptible to exploitation. This occurs when someone takes advantage of a senior citizen who may be physically or mentally incapacitated. If you are a baby boomer with aging parents, this […]
Annuities are a helpful financial tool to secure your finances and create a dependable source of income. Programs such as Social Security provide continued cash flow through annuities for seniors after they retire from the workforce. They can also allow you to provide for your grandchildren in the future. Despite how helpful and generally low-risk […]
Investing provides a way to increase your money, save for retirement and help you reach financial goals. Of course, not all investments are created equal. Some investments prove more lucrative, and some investments are unwise. Here are some ways to determine if you are making a sound investment. What makes a suitable investment? According to […]
The Securities and Exchange Commission (SEC) shut down a Ponzi-like scheme that defrauded anywhere from 200 to 400 investors across the country. The group cheated people out of more than $345 million, according to the SEC’s website. The group included Kevin B. Merrill, Jay B. Ledford and Cameron Jezierski. Merrill is from Maryland, and the two other […]
A former UBS broker, John MacColl, has confessed to stealing millions from at least 15 clients between 2008 and 2018. The confession came after a former client became suspicious about an investment made with MacColl. When the client requested an account statement, the former broker faxed a statement with several misspellings and errors. The client […]
If something seems too good to be true, it most likely is. Even though that saying is well known within society, it is not always easy to identify red flags when someone is trying to pull you into a scheme. Unfortunately, some people try to take advantage of investors, especially investors who are not knowledgeable […]
Investors deal with risk on a daily basis, navigating unpredictable market changes and other factors as they seek to ensure the health of their portfolios. However, additional risks can come in the form of unscrupulous financial advisors, who harm these investments either through direct action or negligence. Even though most brokers truly have your best […]
Mediation and arbitration are the two most common methods used to resolve financial disputes without going to court. While each avoids the court system, the similarities end there. There are key differences between the two options. Here’s what you need to know about mediation and arbitration: Mediation is voluntary Either side of a dispute can […]
An initial coin offering (ICO) is a fundraising mechanism wherein new blockchain startups sell cryptotokens or cryptocurrencies to investors in exchange for capital to fund the startup process. The token sales allow investors to fund ambitious projects for the next generation of successful companies. In return for purchasing tokens, the investors share in the returns […]
A class action lawsuit to uncover the identities of traders who may have been manipulating the VIX has been filed by a Chicago-based trading firm. The alleged manipulation caused financial losses for investors. Understanding the VIX The Chicago Board Options Exchange (CBOE) Volatility Index is represented by the ticker symbol VIX. The VIX shows the […]