Investing is exciting, and it’s easy to get caught up in the promise of fast money. That being said, investment fraud is unfortunately all too common – especially among seniors. Sadly, many scammers attempt to prey on older people, as they believe they may be able to get easy money this way. It’s important to […]
The Consumer Financial Protection Bureau (CFPB) is currently seeking public comment on new proposed rules that would prohibit mandatory arbitration clauses on consumer financial products. This is good news for consumers who might one day find themselves with a grievance against a financial company like a bank or a credit card company. Arbitration clauses are […]
Broker misconduct is a major problem and a risk for investors who put their hard-earned money into the trust of financial advisors who are supposed to protect their wealth. In 2016, United States Senators Elizabeth Warren (D-Mass.) and Tom Cotton (R.-Ark.) wrote a letter to the financial industry regulatory authority (FINRA) requesting information about what […]
The Financial Industry Regulatory Authority (FINRA) has reported an $18.5 million record security arbitration decision against UBS Financial Services to clients who invested in Puerto Rico closed-end municipal bond funds. The clients were represented by the prominent securities and investor rights attorney Timothy J. Dennin. The plaintiffs, Rafael Vizcarrondo and Mercedes Imbert De Jesus, sought […]