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March 11, 2019
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Blog, Current Investigations
ProEquities Inc. Sanctioned for Mutual Fund Overcharges According to the Financial Industry Regulatory Authority (FINRA), the regulator has sanctioned broker-dealer ProEquities Inc. for alleged mutual fund overcharges. According to a Letter of Acceptance, Waiver & Consent on March 7, between January 1, 2011, and
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August 30, 2018
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Blog, Securities Fraud
Financial Advisor Misconduct – new study says 1 in 10 advisors has severe misconduct records. According Financial IQ a recent study, ’The Market for Financial Advisor Misconduct,’ to be published in the Journal of Political Economy, says that one in ten advisors has severe misconduct records and that may be
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December 11, 2017
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Blog, Current Investigations
L-share Annuity – Investment Losses An L-Share Annuity is a common share class offered by a variable annuity that has a short surrender period but with higher administrative costs. Typically, with an L-Share annuity, you will pay a higher mortality, expense and administration (MEA) fee and likely get a lower
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June 21, 2017
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Current Investigations
Investigating Potential Claims involving Buffered STEEPLS Have you suffered losses investing in Buffered STEEPLS (Strategic Equity Exposure Performance Linked Securities) sponsored by Bank of America? If so, the attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration
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April 12, 2017
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Securities Fraud
Update on Former Financial Advisor Robert Tricarico On April 10, 2017, the U.S. Securities & Exchange Commission barred Robert Tricarico from acting as a financial advisor following his October 2016 conviction for misappropriating $1.2 million from an elderly client. Tricarico was convicted in October 2016 of
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March 6, 2017
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Blog
Ever wonder what would happen to your securities account if your brokerage firm closes? Though history does not contain too many examples of brokerage firms closing, it does happen. You have a regulatory safety net. There is a multi-tier safeguard system in place to protect investor assets. Most of these protections
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March 3, 2017
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Current Investigations, Securities Fraud
Securities America Inc. will make a final payment of $1 million to investors of Medical Capital Holdings In 2011, Massachusetts ordered Securities America to pay $2.8 million in restitution to make the investors of Medical Capital Holdings whole. At the time, that settlement referred to the potential for pending
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March 2, 2017
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Blog
Michael Piwowar says removing “artificial distinction” of accredited investor would boost returns, portfolio diversification At the annual SEC Speaks conference held in Washington D.C. on Friday, Michael Piwowar, the acting chairman of the Securities and Exchange Commission, argued that the current definition of
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February 27, 2017
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Blog
Are you aware of how much you are paying in mutual fund fees? It’s important to be aware of all the mutual fund fees associated with any fund you invest in since they affect your bottom line. You can find a detailed description of the fees a fund charges in the fund’s prospectus. Be sure to …
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February 22, 2017
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Blog
AARP Fraud Watch Network Campaign Survey Identifies Investment Fraud Targets According to a recent AARP survey, investment fraud targets typically exhibit an unusually high degree of confidence in unregulated investments. They also tend to trade more actively than the general investor population. Many of fraud victims
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