by michael | Oct 2, 2019 | investor-fraud
The Financial Industry Regulatory Authority (FINRA) offers an arbitration forum through which defrauded investors can submit arbitration claims against their investment firms and stockbrokers. Since most investors signed an arbitration agreement at the onset of their... by michael | Oct 2, 2019 | investor-fraud
There are good stockbrokers and bad stockbrokers. The good stockbrokers follow financial industry rules and protect the best interests of their clients. The bad stockbrokers look out for their own interests while breaking industry rules, which can cost their customers... by michael | Oct 2, 2019 | investor-fraud
Early in 2017, the Financial Industry Regulatory Authority (FINRA) created an investigatory arm to target “high-risk” stockbrokers. The unit has conducted hundreds of examinations — scrutinizing specific stockbrokers, who it suspects are breaking the law. The targeted... by michael | Oct 2, 2019 | investor-fraud
Imagine a blind, 82-year-old woman who is wheelchair-bound. Then, her husband dies, and she has to manage her investment accounts by herself. Clearly, this woman is susceptible to financial fraud. Now, imagine what would happen when an unscrupulous stockbroker could... by michael | Oct 2, 2019 | investor-fraud
It’s unlawful for investment advisors to overconcentrate their clients into one sector of the economy. Nevertheless, in recent years, numerous brokers have put all of their clients “eggs” into the highly volatile energy sector basket — which includes oil and gas... by michael | Oct 2, 2019 | investor-fraud
Churning happens when a stockbroker makes a large number of unnecessary trades in a client’s account — just to generate commissions. Churning was more common in the past, 30 or 40 years ago, but it still happens today. In fact, on January 8, the results of two...
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