Unsuitable Investments

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How does a variable annuity work?

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Many people who are thinking about retiring may feel a bit overwhelmed about all of the possible financial investments from which they can choose. One possible option that is popular among many financial experts is a variable annuity. A variable annuity is an agreement between the investor and a financial institution, usually an insurance company. […]

Ethical standards for financial advisors

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If you work with a financial advisor, you depend on their expertise to handle your finances appropriately. After all, they are supposed to be the experts. It is distressing if you find that your financial advisor made misrepresentations about the risk or character of the investments or sold investments that were not suitable for your […]

What is an unsuitable investment?

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Risk is an unavoidable part of investing, but investors can manage their risks. One of the most important ways they do this is by relying on the knowledge of investment brokers. These brokers are required to sell only securities that they know to be suitable to their clients. If they sell unsuitable investments, they are […]

People being victimized by unsuitable investments in Bitcoin

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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 are either in or claim to be in the financial industry. Financial […]

When might a broker be recommending unsuitable investments?

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In New York, Puerto Rico and across the nation, people who are considering how to invest might be concerned they are not equipped with the knowledge necessary to do so safely. They will subsequently rely on industry professionals. Those in the financial industry are expected to have certain levels of knowledge to help clients make […]

What qualifies as an unsuitable investment?

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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 interests. If they have failed to do so, they may […]

Investors should be aware of risk of stocks from China

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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 protections from audits that were intended to prevent securities fraud and protect investors. American law The 2002 […]

Investment fraud victims lost $576,000

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Volunteering for and donating to charities is an excellent way for people in New York to give back and help others. When a situation arises in which it is possible to help a charity while also receiving a return on investment, it might feel like the perfect opportunity. Unfortunately, at least two people who thought […]

Can you identify unsuitable investments?

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An unexpected investment loss can be upsetting, and your initial reaction may be to place the blame entirely on yourself. However, you may want to consider that decisions made by an adviser or broker could be responsible for the loss. Even if you had what you believed to be a strong and trusted relationship, it […]

Advisers reprimanded for selling unsuitable investments

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Investing is a smart idea for building additional income streams and building up savings for important things, like retirement and traveling. Making the right decisions regarding investing can be difficult though, which is why people in New York often turn to professionals. Sadly, not all professional investment advisers have their clients’ best interests at heart, […]