When you put your investment portfolio in the hands of your broker, you likely trusted that any decisions they made would be sound. Yet, upon scrutiny, some of their choices may seem at odds with your circumstances or needs. Your broker should protect your financial...
Many investors assumed that companies from China trading on U.S. exchanges and recommended by brokers have the same oversight and regulation as American businesses. But companies from China can shield their financial records from inspection. This reduces federal...
In New York, throughout the United States and its territories like Puerto Rico, people place an immense amount of trust in their financial advisors and representatives. In many cases, these companies and their employees perform in an aboveboard fashion with the...
Shareholders for CBS requested a federal judge in New York to provide a class-action certification in a 2018 lawsuit filed against the broadcasting company's CEO, Les Moonves. The lawsuit alleges securities fraud based on the assertion that the company duped investors...
For many of us, it happens so quickly, part of a busy morning in the office perhaps. We are going through emails, and suddenly, we find ourselves following a link to update our important banking information. Just like that, our critical personal information is in the...
Investors in the state of New York and beyond might find themselves the victims of fraud, theft or other crimes committed by brokers. The crimes might be simple and obvious, or they could be part of an intricate long-term criminal scheme. Before filing a complaint or...
Hedge funds are a class of alternative investments. Most people have heard of hedge funds, but it's sometimes difficult to define precisely what they do. Part of that is because hedge funds are so secretive. Investors in New York should understand that hedge funds are...
With commission based accounts, brokers make a commission or fee every time they trade a stock. Some unethical brokers may engage in an activity known as “churning.” Churning occurs when a broker engages in excessive trading designed to pad their bottom line while...
