Stock Market Growth Continues Under ‘Trump Trade’

U.S. stock markets continue to rally this week amid optimism around President Trump’s economic plans. Reaching a historic high on Monday, S&P 500 topped $20 trillion. This latest rally is a part of the ongoing boost stock market indices have been enjoying as economists wait for the Trump Administration to roll out its economic plan. … Continue reading Stock Market Growth Continues Under ‘Trump Trade’ »

Dodd-Frank Cuts Likely Under Banking Regulation Reviews

Uncertain Future for Dodd-Frank Last week, President Trump ordered a review of major banking regulations put in place following the 2008 financial crisis, largely comprising Dodd-Frank regulations. President Trump has made clear that rollbacks are a main objective for these reviews. Though the executive order only calls for a review, the Trump administration aims to … Continue reading Dodd-Frank Cuts Likely Under Banking Regulation Reviews »

As Dow Hits 20k, What Should Investors Expect for 2017?

Setting a Record The Dow has done it. On Wednesday Jan. 25, the Dow hit a record high of 20,069 amid celebration from broker-dealers and investors alike. The 20k mark is an important milestone for the industrial market index. It not only represents the U.S. economy’s turnaround following the recession, but also the wave of … Continue reading As Dow Hits 20k, What Should Investors Expect for 2017? »

Tips for Tracking Your Investment Brokerage Activity

Many passive investors are happy just leaving their investments at the hands of their brokerage firms. Many investors opt review brokerage activity via a monthly overview statement rather than from a hands-on approach. Broker-dealers handling investment accounts are free to make most decisions on quantity and frequency of investment securities. Although ostensibly broker-dealers must have … Continue reading Tips for Tracking Your Investment Brokerage Activity »

Why it Matters That NYSE is Expanding Securities Trading

By the end of 2017, the New York Stock Exchange (NYSE) will open up its trading floor to all U.S. securities. Currently, NYSE restricts securities trading on the floor to the top 3,166 stocks, according to a Reuters report. The change means that, now, up to 8,600 securities can be traded by floor brokers. So, … Continue reading Why it Matters That NYSE is Expanding Securities Trading »

Brokerage Firms Fail to Protect Consumer Records

The Financial Industry Regulation Authority (FINRA) announced fines against 12 securities firms for their failure to accurately protect consumer records. FINRA carried out fines, totaling $14.4 million, against 12 securities brokerage firms, including some of the largest-backed firms in the country. FINRA found that these firms storing broker-dealer and consumer records without precautions in place … Continue reading Brokerage Firms Fail to Protect Consumer Records »

Inexperienced Investors Targeted in Day-Trading Scam

Last week, the Securities and Exchange Commission (SEC) charged two individuals in a fake day-trading scheme targeting inexperienced investors. According to the SEC’s press release, the two men in question scammed investors out of more than $1.4 million through the operation of a false day-trading investment firm. Luring Investors with Day-Trading The scammers lured investors … Continue reading Inexperienced Investors Targeted in Day-Trading Scam »

Settling Broker-Dealer/Customer Disputes

Ever wonder about how customer disputes are resolved between investors and broker-dealers? Is a lawsuit necessary? Do you need to hire a lawyer? Settling Customer Disputes Usually, disputes over securities brokerage/trading are settled through arbitration as opposed to traditional litigation. Though arbitration is the primary form of dispute resolution, mediation may also be used as … Continue reading Settling Broker-Dealer/Customer Disputes »

Reverse Mortgage Consumers Face False Claims

Reverse Mortgage Companies See Reversal of Fortunes This week, the Consumer Financial Protection Bureau (CFPB)  announced charges against three top reverse mortgage companies with false claims and deceptive advertising. These companies lured consumers into reverse mortgage contracts under the claim that they would not stand a chance of losing their homes, among other promises. American … Continue reading Reverse Mortgage Consumers Face False Claims »

Top Consumer Financial Complaints

Each month, the Consumer Financial Protection Bureau (CFPB) publishes a complaint report outlining and highlighting volume and percentage of consumers’ reported financial complaints. The CFPB is an agency tasked with providing consumers with financial protection and empowerment by improving existing consumer protection rules, enforcing rules and providing tools and resources for consumers. Analyzing Financial Complaints … Continue reading Top Consumer Financial Complaints »