Many people in New York have heard stories of individuals who bought stock early on in companies like Apple or Microsoft and made a lot of money from their early investments. Initially, putting financial resources into new technology companies may have seemed a little risky, but they paid off in the end. Many who invest […]
Many people who are thinking about retiring may feel a bit overwhelmed about all of the possible financial investments from which they can choose. One possible option that is popular among many financial experts is a variable annuity. A variable annuity is an agreement between the investor and a financial institution, usually an insurance company. […]
The land of digital assets often promises large returns on modest investments. This leaves investors feeling as if there’s a gold rush that they can’t miss out on. While there are some legitimate cryptocurrency investments out there that may be right for you, there are also a lot of scams in this market that can […]
Whether you are new to investing or have decades of investing under your belt, you may choose to have a broker handle your financial affairs and make critical investment decisions on your behalf. Unfortunately, some brokers put their own interests above the interests of their clients and end up costing their clients thousands of dollars. […]
Fraud is rampant in the securities industry. Given the amount of money in play in this realm, the stakes can be high, and those who are taken advantage of can suffer enormous losses. As heartbreaking as that can be, those who have been hurt by fraud should take comfort in knowing that legal options may […]
The Financial Industry Regulatory Authority offers investors and brokers a way to resolve controversies between a client and the firm regarding investments or, in case of brokers, employment related disputes. FINRA offers two distinct options, arbitration and mediation, that are typically faster and less expensive than traditional litigation options. Filing for a dispute resolution If […]
Investors trust their brokers to do their jobs correctly and manage their finances to meet their financial goals. While brokers cannot control everything that happens in the market, they have a duty to their clients to manage their money appropriately given the circumstances. Not all brokers honor their duties and take advantage of their clients. […]
Investors rely on brokers and firms for making good investment decisions. Most simply, good investments make money. But good or suitable investments depend on the investor and their needs. Brokers and firms have the legal and professional duty to prevent unsuitable investments. In addition to making money for their clients, they should seek good investments […]
Brokers face the temptation of acting in their self-interest by placing their commissions above the interests of their clients. Selling excessively risky products, for example, may be lucrative to brokers even though their clients should seek lower-risk alternatives. Unethical behavior Ethical guidelines can help combat typical broker misconduct. Unethical behavior usually includes inadequate communication, […]
People are financially taken advantage of all the time. Sadly, most people fail to realize when they’ve been cheated, instead chalking their losses up to misfortune or bad luck. That’s why it’s important that you remain vigilant and ask questions when you or a loved one suffers financial losses that are worrisome and seemingly unjustified. […]