Posted October 10, 2016 by jeremy
Conservative investors and retirees need to be cautious when it comes to unit investment trusts (UITs). This is because some are much riskier than others. The problem is, investment advisors often “gloss over” these risks when selling UITs to customers. This causes significant and unnecessary UIT investment losses. When an FINRA-registered broker recommends and sells any kind of investment without fully educating the customer about the risks associated with the investment, it could be a violation of […]
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Posted October 3, 2016 by jeremy
The Financial Industry Regulatory Authority (FINRA) has identified the third investment representative from Huntington National Bank since last December who aggressively recommended the sale of unit investment trusts to the bank’s brokerage customers. In the latest scandal, FINRA alleged that Huntington stockbroker Richard Graham of Lafayette, Indiana, made unsuitable investment recommendations that customers buy unit investment trusts. As punishment, Graham received a two-month suspension along with $10,000 in fines. FINRA also ordered him to pay […]
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Posted August 18, 2016 by jeremy
Everyone knows the phrase, “Don’t put all your eggs in one basket,” but this theory doesn’t always get put into practice — especially when it appears that the basket is secure, well-padded, and guaranteed to offer absolute protection. Unfortunately, when it comes to oil, gas, and energy securities, time has proven that the energy sector “basket” was not as safe as investors were led to believe. Investors who lost big on oil, gas, and energy […]
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Posted June 7, 2016 by mike
We usually look at grief as if it’s only associated with death, but the emotional and physical response to losing your life savings can be just as painful as losing someone dear to you. Psychologists confirm: the grieving process can be triggered by any kind of monumental life disruption or change. Investors work hard for their money and save their entire lives. Many of them skip purchasing the beach house they dreamed of, or they abstain […]
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Posted June 6, 2016 by mike
In recent years, ETFs (Exchange Traded Funds) have become startlingly popular. This is surprising because they can be extremely unsuitable for the average consumer, especially senior citizens, retirees and conservative-minded investors. ETF fraud has caused US consumers to lose massive amounts of money, all of which could have been avoided. The problem with ETFs lies in how they appear on the surface. In most cases, even stockbrokers and investment advisors don’t understand the true risks […]
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