Posted December 18, 2017 by jeremy
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 securities. Some of these investors have lost big due to energy sector overconcentration, and the Financial Industry Regulatory Authority (FINRA) is taking notice. FINRA Cracks Down on Energy Sector Overconcentration FINRA is cracking down […]
Posted in featured | No Comments »
Posted November 13, 2017 by robyn
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 do whatever he wants with her money. In a recent investment fraud case, this is exactly what happened. A Clear Case of Investment Fraud A FINRA arbitration panel recently levied harsh punishments against Long Island […]
Posted in featured | No Comments »
Posted November 6, 2017 by robyn
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 “bad brokers” could be costing consumers millions – if not billions – of dollars in financial losses. However, FINRA will not release the names of any suspected brokers until after it has completed an investigation of the particular […]
Posted in featured | No Comments »
Posted June 12, 2017 by jeremy
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 hundreds of thousands of dollars. During the last five years, FINRA has taken notice and increased efforts to eradicate the industry of so-called bad brokers. In a recent speech at Georgetown University, the CEO […]
Posted in featured | No Comments »
Posted May 22, 2017 by jeremy
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 brokerage relationship, FINRA arbitration tends to be the only dispute resolution option available to investors. The problem is, it’s not unheard of for a brokerage firm to refrain from paying a FINRA arbitration award. This has left many claimants […]
Posted in featured | No Comments »