When the crisis surrounding the UBS Puerto Rico closed-fund losses was at its peak in 2015, it was hard to predict how the chips would fall. Now that some of the issues are being settled, the picture is getting more clear, and it may make some people unhappy. Of the...
Puerto Rico’s economy continues to struggle. A recent report showed that the island’s Gross National Product contracted by 3.2% in 2020. By comparison to 2019, the island’s GNP shrunk by about 5%. When breaking down the report, it appeared that people on the island...
You have a lot of investment options at your disposal. You might be excited about your prospects when choosing one of these options, but your hopes can quickly be dashed when you’re subjected to securities fraud. The sad truth is that fraud occurs regularly in the...
Among the thousands of new tools available to investors, there are now some that judge “social” sentiment among Twitter and Reddit users. Some brokers may be using this sentiment profile to target clientele to invest in high-risk investments. FINRA has now been...
There are different ways to resolve securities related disputes and two of those options are mediation and arbitration. Mediation and arbitration are two forms of alternative dispute resolution. The differences between arbitration and mediation Mediation and...
Man who ran Ponzi scheme defrauding athletes and others pleads guilty A man who was running a Ponzi scheme that defrauded multitudes of investors including professional athletes pled guilty in Colorado. The 50-year-old could go to jail for as many as eight years. He...
Usually, the stock exchange is not in the news unless there is some huge swing up or down, but recently, there has been a renewed interest in securities fraud thanks to the boom in so called, “MEME stocks.” And, perhaps, as a result of this new interest from the...
For investors in New York, in Puerto Rico and throughout the world, new opportunities can be advantageous. While many investments are positive and allow people to raise their net worth, others leave them vulnerable to be taken advantage of by unscrupulous people who...
There’s a lot going on in the securities market. Billions of events occur on a daily basis, and hundreds of thousands of brokers make these deals. In that context, you might be thinking its no wonder that fraudulent and otherwise unfair practices occur all the time....
Perpetrating a securities fraud scheme, like a Ponzi scheme or other plot designed to take investors’ money, requires that the fraudster build up trust with investors. After all, investors who do not trust a broker are very unlikely to give their hard-earned money...
