Traders in New York and throughout the country can make significant profits trading cryptocurrencies such as Bitcoin or Ether. However, traders or investors must understand how these currencies differ from traditional currencies such as a dollar. In most cases, the...
Trusting your money to an investment broker always involves some degree of risk. However, if you lose a substantial portion of your finances in a relatively low-risk investment, it may be worth investigating potential instances of misrepresentation and omission....
Investing money depends on the parties conducting transactions to operate ethically and legally. The Financial Industry Regulatory Authority is an entity set up by the U.S. Congress to govern brokers and financial dealers in New York and nationwide. This nonprofit...
Taking a broker's expert advice requires a tremendous amount of trust. Many investors in New York take great care to work with brokers who are experienced, knowledgeable and trustworthy. Unfortunately, it is not always easy to spot broker misconduct, which can result...
Federal authorities say that an out-of-state pastor and investment adviser worked together to defraud investors for millions of dollars. Many of the victims of this investment fraud were elderly, an age group that is vulnerable to these types of scams. Since...
Investors stand to benefit from new transparency requirements set to take effect this summer. Regulation Best Interest, adopted by the Securities and Exchange Commission (SEC) last year, will require brokers to follow updated guidelines when making recommendations to...
The U.S. Securities and Exchange Commission recently accused an investment group and its manager for fraudulently raising tens of millions of dollars from investors. The manager is facing multiple securities fraud charges, including violating federal securities laws....
The old adage "All boats float until the tide goes out" is aproproriate in these turbulent times. The market gyrations of last week will undoubtedly continue until the thick clouds of Cov-19 uncertainty clear up. The receding markets will expose portfolios that are...
Ponzi schemes prey on investors who think they are making smart, sound decisions. The average person can lose quite a bit in one of these schemes. It is important to understand that Ponzi schemes are not just a problem of the past.In 2019, authorities discovered 60...
Money is almost a universal concern among adults, but especially for the elderly who might be living on fixed incomes and limited retirement savings. New York scammers understand this all too well and use it to their advantage when committing securities fraud and...
