According to multiple media outlets, a FINRA arbitration panel recently ruled against Wedbush Morgan Securities and their former Advisor Debbie Michelle Saleh. Between Wedbush Morgan Securities and Debbie Michelle Saleh, they were ordered to pay more than $2.5 million in total. The case involved the handling of an account of an elderly client. Advisorone.com cited [...]
Non-traded REITs are a legitimate investment option for the right investor. REITs capitalize on tax law and often provide the smaller investor with an opportunity to invest in commercial real estate. However, non-traded REITs are not for everyone. There are a few problems with these investments that make them unsuitable for retired investors or investors [...]
The San Diego Business Journal recently reported that according to SEC documents the local owner of one of Pacific Office Properties’ office complexes, Sorrento Technology Center in San Diego, “is in default on a loan of $11.6 million.” As of the time of the articles’ release, Pacific Office Properties Trust Inc. was “in negotiations with [...]
A recent article at nuwireinvestor.com discussed how new Medicare policy will affect REITs whose focus is nursing homes. The new policy will see “Medicare rates…slashed by 11.1% starting Oct. 1.” The article says that the announcement of these changes in policy “has sent nursing home operators scrambling to figure out how to pare expenses.” This [...]
Have you suffered losses in a commodities or futures fraud scheme or improper investment? If so, the commodities and futures fraud attorneys of The White Law Group may be able to help. The White Law Group represents investors who have been defrauded by their financial professional in all types of commodities or futures investment matters. [...]
Brokerage firms have a fiduciary duty to recommend investments that are appropriate for the investor in light of the investor’s age, net worth, investment experience, and investment objectives. One of the types of investments we often see abused, are REITs (real estate investment trusts) – likely due to the high commission REITs generally pay to [...]
Andrew Haigney recently wrote an interesting article for businessinsider.com where he called investment advice “one of the greatest scams of our time.” His motivation for writing his article was to expand on the theme of Yale University’s Chief Investment Officer David Swensen’s August NY Times Opinion piece about mutual funds where he called for an [...]
Investmentnews.com recently published a list of the biggest “fee-only firms” on their website. They compiled this list with data from the RIA Database. The full list includes the total amounts of Assests Under Management (AUM) and that is further broken down by discretionary and non-discretionary assets. The list of firms in order of AUM is [...]
As a national securities litigation law firm and investor protection advocate, the firm sees all types of securities fraud. The firm has put together a top 10 list of the most common types of securities fraud to come through the firm’s offices. #10 – Insider Trading – Brokers sometimes recommend trades claiming that they have [...]
A recent Money Magazine article featured on CNN.com does an excellent job in offering advice on how to protect senior parents from being taken advantage of by a financial advisor or investment fraud. Unscrupulous financial advisors often take advantage of retired investors and it can result in a comfortable retirement nest egg disappearing overnight. According [...]