Investors rely on brokers and firms for making good investment decisions. Most simply, good investments make money. But good or suitable investments depend on the investor and their needs. Brokers and firms have the legal and professional duty to prevent unsuitable...
Perhaps it's only natural that salespeople talk up the value of the goods or services they are selling. After all, they want to make a sale. To some extent, the buyer knows to expect some exaggeration from a salesperson, and takes this into account when deciding...
For many people, the rise of online trading has been beneficial. For others, it has left them vulnerable to people with bad intentions who were behaving unethically and illegally. The number of scams and acts of fraud is substantial. There are ways to avoid...
People in New York City, Long Island, and across the nation are intrigued by digital currency. This is unsurprising given the number of prominent people taking part in advertising campaigns for it and known investors who tout it as the wave of the future. Still, as...
Many people put their life savings into investments, hoping to build some wealth to see them through retirement, put their kids through college or just make life a little easier. When these investments turn out to be fraudulent, it can do tremendous damage. This is...
Securities fraud is an umbrella term that includes various financial crimes such as Ponzi schemes, pyramid schemes and other fraudulent activities. One fairly common type of securities fraud is known as a "pump and dump" scheme. This type of fraud can be difficult for...
When an investor finds themselves in a dispute with their broker or investment advisor, they may wonder what their options are. One option is arbitration which may not be as involved as the court process. It is worth considering as an option to help resolve...
The SEC has very stringent rules that require all broker-dealers to adopt and comply with rigid customer identification rules. These rules are intended to limit the probability that a prospective customer for the broker-dealer does in fact have sufficient assets to...
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...
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...
