Navigating the world of investing can be complicated. For every legitimate investment opportunity, there is a multitude of scams. It is all too easy to misplace your trust and fall victim to investment fraud. Senior citizens are at a particularly high risk for investment fraud. Because seniors are not always as technologically savvy as their […]
The thought of virtual money is obscure, but not entirely unfathomable. Like stocks and similar investments, you can purchase and sell cryptocurrencies such as Bitcoin or Ethereum that have slightly unusual properties. Many older investors are curious about whether to enter the market. However, economists and market observers have a few new concerns. On this […]
Although Puerto Rico’s economy was struggling before being ravaged by Hurricane Maria, the aftereffects are impacting the investment market in waves. In May 2017, Puerto Rico claimed bankruptcy. The island had long struggled financially and owed over $70 billion dollars in bond obligations. In addition to the bond debt, Puerto Rico has $49 billion dollars […]
Fraudulent hedge fund management is a serious problem. While there are entities in place to help prevent and prosecute fraudulent brokers and firms, there is often little recourse for victims who have suffered financial losses from hedge funds because they are not required to register with the SEC. A scam across borders The fraudulent […]
You did your research and thought you found a favorable investment opportunity, but then things go south quickly. In the aftermath, you begin to suspect fraud or misrepresentation. What recourse do you have? The U.S. Securities and Exchange Commission (SEC) exists to protect investors and maintain fair markets. If you feel your broker misrepresented investment […]
Brokers who sell investments based on false information may very well find themselves facing sanctions by the SEC. That’s what happened in the case of Lorenzo v. SEC. In this case, a broker was accused of sending potential investors emails that contained false information to solicit investment in Waste2Energy Holdings, Inc. Who “made” the […]
As an investor, you are always looking for a new market or a piece of information that will give you a competitive edge. When discovering new information on the latest opportunities, you are rightfully skeptical of some and seize upon others. The integration of technology in our daily routines has opened up a new realm […]
Puerto Rican brokers have been in the news for failing to ethically invest on their clients’ behalf. Most recently, Investment News reported that two claimants were awarded $793,077.61 by UBS. They charged UBS Financial Services and UBS Financial Services of Puerto Rico with a number of investment violations after the clients purchased municipal bonds with […]
You trusted a broker to manage a portion of your money, hoping to increase your savings before retirement. However, something does not seem right. They lost a large portion of your investment, but they did not give you a satisfactory answer as to why. It may be time to take a deeper dive into your […]
Bernie Madoff is in prison, serving a 150-year sentence after pleading guilty to numerous felony charges for bilking investors out of billions of dollars. However, just because the drawn-out criminal case is over does not mean the matter is resolved. Far from it. According to an article from Forbes, victims of Madoff’s scheme have yet […]