Bad Actors: Tips for Spotting the Financial Industry’s Bad Apples

We’ve all seen bad actors in movies and T.V., but did you know that bad actors can be found on Wall Street and other financial industry institutions? The Financial Industry Regulatory Authority (FINRA) recently released a statement outlining the need for checks-and-balances against bad actors.   What are bad actors? FINRA defines a bad actor … Continue reading Bad Actors: Tips for Spotting the Financial Industry’s Bad Apples »

Stand By for the Following Message on Corporate Tax Cuts…

One of the big platforms that boosted Trump to the Oval Office was his promise to let business operate unencumbered. Throughout his campaign, he promised a hands-off approach to business, including wide-scale financial deregulation as well as considerable corporate tax cuts. In fact, Wall Street was riding high post-election on sheer optimism. Financial and industrial … Continue reading Stand By for the Following Message on Corporate Tax Cuts… »

Debate Over Trump’s Travel Ban Heats Up

This week, a U.S. appeals court elected not to reinstate President Trump’s controversial travel ban. The decision by the appeals court moves the debate closer to the Supreme Court, as the issue gets more contentious. The order called for a restriction on travel for people from six countries with a majority Muslim population. It caused … Continue reading Debate Over Trump’s Travel Ban Heats Up »

Retirees Get Seat at the Table in Puerto Rico’s Bankruptcy

Retirees and pensioners will now have a voice at the negotiating table during Puerto Rico’s bankruptcy, according to a Reuters report. This month, the U.S. Trustee overseeing the filing procedure announced the appointment of a retiree committee. While retiree committees are usually appointed in municipal bankruptcy filings, it is typically preceded with a formal ruling … Continue reading Retirees Get Seat at the Table in Puerto Rico’s Bankruptcy »

In Wells Fargo Accounts Fraud Case, the Hits Keep Coming

We all remember that nastiness about Wells Fargo, right? You know, that little PR debacle where it turned out that, due to unrealistic sales initiatives, Wells Fargo employees initiated accounts fraud against millions of consumers. After the story broke, Wells Fargo lost a major vote of consumer confidence. The following weeks saw many customers closing … Continue reading In Wells Fargo Accounts Fraud Case, the Hits Keep Coming »

Why Top Investment Banks are Leaving London

Brexit, Meet ‘Banxit’ When Britain announced its decision to formally leave the European Union (EU), it raised a lot of uncertainty. While the decision caused global unsettling, probably the most anxious was the international investment banking community. Until now, Britain, specifically London, has been the undisputed epicenter of investment banking, next to Wall Street. In … Continue reading Why Top Investment Banks are Leaving London »

8 Tips for Safeguarding Your Online Investments Against Fraud

In the internet age, cyber crime has become one of the top platforms for investment fraud and financial crimes. Many investors have begun making online investments instead of using traditional investment platforms. With this, comes the need to educate and inform about fraud targeting online investments. The Securities and Exchange Commission has published an investor … Continue reading 8 Tips for Safeguarding Your Online Investments Against Fraud »

Top 8 Investor Complaints

The investment world is pretty cut-and-dry; either you win, or you lose. Not much can be said for losing, after all, it’s part of the game. Usually when you lose out on an investment, it’s due to the fact that you didn’t account for certain risks. However, there are some instances beyond investors’ control that … Continue reading Top 8 Investor Complaints »

Top 5 Ways to Prevent Elder Financial Abuse

A recent New York Times article spotlights a renewed approach and increased legislative response to financial elder abuse. Featured in the article are personal accounts of real people whose family members and close friends have been affected by elder financial abuse. Investment fraud and financial abuse directed towards seniors and the elderly has been a … Continue reading Top 5 Ways to Prevent Elder Financial Abuse »

What to Know About Shortened Securities Transaction Settlement Cycles

Last week, the Securities and Exchange Commission (SEC) amended standing rules regarding broker-dealer securities transaction settlement cycles. The new rules shorten the amount of time between when an investment transaction is placed and when it is actually processed. Previously, the transaction settlement cycle was set as “T+3”. This refers to the time, in days, that … Continue reading What to Know About Shortened Securities Transaction Settlement Cycles »