If your investment broker has stolen money from you somehow, your first step may be filing a complaint. FINRA oversees conduct within the securities industry, and it has a robust system for investigating complaints against its members, who include brokerage firms and other entities in the industry. However, even if you have filed a complaint […]
If you have been wronged in the stock market by a broker or a brokerage firm, you may be familiar with FINRA. If you choose securities as an investment portfolio item, you place trust in your broker, but conflicts between you and your broker could occur. If so, you may need to discuss dispute resolution […]
Financial crimes are prevalent across the nation. While almost anyone can be victimized, older people are a common target. Sadly, older people are frequently fearful of reporting to law enforcement and regulators what has happened to them. Perhaps they are unaware of the extent of the illegal activity. They might be concerned about being harmed […]
If you feel like you’ve been wronged by your broker, you need to consider taking some sort of action to try to recover the compensation that you’re owed. There are a few ways that you can do this, including filing a FINRA claim. This claim seeks to resolve the issue without dragging you through litigation. […]
Falling victim to any type of fraud is a devastating situation. This is an unfortunate situation that can come in various forms with a wide range of negative impacts to individuals and companies. Securities fraud could result in significant losses; however, even if the financial losses are not substantial, victims can take action to obtain […]
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 […]
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. […]
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, […]
Fraud is an ever-present risk to investors, as millions of people fall victim each year to Ponzi schemes and frauds involving market manipulation, advance fees and pyramid schemes. According to the FBI, these schemes often offer low- or no-risk investments with guaranteed or overly consistent returns. They target groups of people who connect or have […]
Investing money can be a good way to increase people’s income and wealth, but it also carries great risk. Most people don’t have the knowledge of the financial markets necessary to manage their risks. Many New Yorkers have brokers whom they entrust to make prudent investments that meet their investment goals. Brokers may need to […]