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What are the financial scams that target elders?

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The most common types of financial scams that target the elderly try to steal tax refunds or social security benefits. Elders often receive constant calls or emails related to other kinds of scams. Yet, broker misconduct defrauds elders in ways that are far less obvious and far more damaging. How to recognize broker misconduct? You […]

Broker misconduct causes elderly woman to lose millions

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A lot of people make the mistake of thinking that they’d never be taken advantage of by their trusted broker. Many clients have long term relationships with their brokers  and it is not uncommon for the broker to have a familial relationship with the client. The unfortunate truth of the matter, though, is that greed […]

Understanding Puerto Rico’s court system

Puerto Rico is very close to the United States geographically, but to many, even the many Puerto Ricans who call New York City home, the legal system can seem to exist on another planet. In actual fact, Puerto Rico has a legal system that is very similar to court systems in any of the 50 […]

Have you been victimized by these stock manipulation tactics?

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Investing is a risky business, but a lot of people do their best to minimize their risk by doing their research and diversifying their portfolios. Yet, even these maneuvers may not be enough to keep your investment safe. Sure, the stock market can be volatile from time to time, but your investment might also be […]

When might a broker be recommending unsuitable investments?

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In New York, Puerto Rico and across the nation, people who are considering how to invest might be concerned they are not equipped with the knowledge necessary to do so safely. They will subsequently rely on industry professionals. Those in the financial industry are expected to have certain levels of knowledge to help clients make […]

Securities fraud can hit the elderly and their families hard

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The elderly are amongst the most vulnerable amongst us. While this means that they may be more likely to be subjected to physical and emotional abuse, these individuals can be taken advantage of financially, too. Sure, friends and loved ones may try to squander money away from these elderly individuals, but even those who work […]

Seven signs you may be falling for a Ponzi scheme

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Many people in New York City and Long Island work for decades in investment, and are able to distinguish a good deal from a bad deal. However, sometimes a deal is too good to be true — in fact, it may actually be an illegal Ponzi scheme. The following are seven signs you may be […]

Signs your financial advisor may not be doing his job

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Many people use a financial advisor to handle their investment accounts. They don’t have the time or the experience to invest on their own and having a professional involved is often a good idea. But not all financial advisors play by the rules and too many of their customers have been scammed. An investor should […]

Causes for a securities litigation claim

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Making investments is considered a smart and tactful step, as it could help one to improve their finances. Nonetheless, it can be a tricky game, as the market is always changing and bad investments can happen. Any rational investor understands that markets do not always go up and if you do decide to invest in […]

CREDIT SUISSE AND THE GREENSILL IMPLOSION

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As reported in the WSJ, Credit Suisse was well aware of material risks related to the multibillion dollar Greensill Investments and failed to disclose these very substantial risks to investors in Credit Suisse sponsored Greensill funds. According to reliable sources, Credit Suisse marketed these funds to clients as 1 to 2 on a scale of […]