Investing provides a way to increase your money, save for retirement and help you reach financial goals. Of course, not all investments are created equal. Some investments prove more lucrative, and some investments are unwise. Here are some ways to determine if you are making a sound investment. What makes a suitable investment? According to […]
The Securities and Exchange Commission (SEC) shut down a Ponzi-like scheme that defrauded anywhere from 200 to 400 investors across the country. The group cheated people out of more than $345 million, according to the SEC’s website. The group included Kevin B. Merrill, Jay B. Ledford and Cameron Jezierski. Merrill is from Maryland, and the two other […]
A former UBS broker, John MacColl, has confessed to stealing millions from at least 15 clients between 2008 and 2018. The confession came after a former client became suspicious about an investment made with MacColl. When the client requested an account statement, the former broker faxed a statement with several misspellings and errors. The client […]
If something seems too good to be true, it most likely is. Even though that saying is well known within society, it is not always easy to identify red flags when someone is trying to pull you into a scheme. Unfortunately, some people try to take advantage of investors, especially investors who are not knowledgeable […]
Investors deal with risk on a daily basis, navigating unpredictable market changes and other factors as they seek to ensure the health of their portfolios. However, additional risks can come in the form of unscrupulous financial advisors, who harm these investments either through direct action or negligence. Even though most brokers truly have your best […]
Mediation and arbitration are the two most common methods used to resolve financial disputes without going to court. While each avoids the court system, the similarities end there. There are key differences between the two options. Here’s what you need to know about mediation and arbitration: Mediation is voluntary Either side of a dispute can […]