-
August 30, 2018
Comments (0)
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
Read More »
-
December 11, 2017
Comments (0)
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
Read More »
-
June 21, 2017
Comments (0)
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
Read More »
-
April 12, 2017
Comments (0)
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
Read More »
-
March 6, 2017
Comments (0)
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
Read More »
-
March 3, 2017
Comments (0)
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
Read More »
-
March 2, 2017
Comments (0)
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
Read More »
-
February 27, 2017
Comments (0)
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 …
Read More »
-
February 22, 2017
Comments (0)
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
Read More »
-
January 18, 2017
Comments (0)
Blog
Mini-Tender Offer A mini–tender offer is an offer to acquire a company’s shares directly from current investors in an amount less than 5% of issued stock. Investors who surrender their shares in a mini-tender offer without fully investigating the offer may be shocked to learn that they cannot change
Read More »
