Pros and Cons to Forming an LLC

What is an LLC? You have a marketable skill or talent and want to start your own business. You have heard the term “LLC” before and you know it has something to do with small-business. You might even know that LLC stands for limited-liability company, but what exactly does that mean? There are a lot … Continue reading Pros and Cons to Forming an LLC »

Morgan Stanley Ethical Conduct in Question

Bad Week for Big Banks Some of the nation’s top banks are facing another bad week, legally and financially as they are subjected to increased scrutiny and demand for reparations from federal regulators. Wells Fargo faces a continued inquest into the extent of its accounts fraud scandal as regional and municipal governments, including Hillsborough County, … Continue reading Morgan Stanley Ethical Conduct in Question »

Big Banks: Lesson (Un)Learned

The Cause Big banks on Wall Street had been left unchecked for too long and the introduction of sub-prime lending tactics sealed the fate of U.S. financial stability. A culture of smoke-and-mirrors misleading consumers, coupled with a dire lack of regulatory oversight allowed big banks to run rampant. Years of bad banking tactics caught up … Continue reading Big Banks: Lesson (Un)Learned »

Fed Leaves Interest Rates Unchanged

Low Interest Rates Remain The Federal Reserve has decided to leave interest rates alone for the foreseeable future, according to a report from Reuters. Despite the fact that a target rate-hike was announced last December, the Fed has deferred any increases as part of a long-term plan to reignite the U.S. economy. President of the … Continue reading Fed Leaves Interest Rates Unchanged »

The Necessity of Profit/Loss Plans

Investment planning. The thought sends shivers down the spines of many an investor. In fact, many don’t even want to think about it and will gladly pay someone else to do that for them. However, taking a hands-on approach to your investments provides an extra surety against incurring extensive losses in the event that an … Continue reading The Necessity of Profit/Loss Plans »

Wells Fargo Ends Sales Goals in Wake of Fraud

This is an update to a previously posted article – “Wells Fargo Pays Out $190 in Financial Fraud Claim”. Read the full story here. In the wake of the massive fraud scandal stemming from a sales incentives initiative, Wells Fargo as announced that it is ending the company-wide sales product goals. The banking giant, ordered … Continue reading Wells Fargo Ends Sales Goals in Wake of Fraud »

Wrap Fee Compliance Woes for Raymond James

Raymond James & Associates along with a Milwaukee-based investment firm, Robert W. Baird & Co. reached a settlement over penalties regarding wrap fee compliance with the Securities and Exchange Commission (SEC) last week. The SEC had charged the long established St. Petersburg, FL-based investment firm with violating Section 206(4) of the Investment Advisers Act of … Continue reading Wrap Fee Compliance Woes for Raymond James »

REIT Executives Charged with Investment Fraud

Yesterday, in a case of investment fraud, the S.E.C. formally charged two former accounting executives with falsifying the financial performance of a real estate investment trust. It is alleged that the former executives of VEREIT Inc., then known as American Realty Capital Properties (ARCP), purposefully and knowingly overstated quarterly earnings by inflating figures in a … Continue reading REIT Executives Charged with Investment Fraud »

CFPB Database Reveals Wolves of Wall Street

Jordan Belfort may have bestowed the title ‘Wolf of Wall Street’ on himself, but we all know that wolves travel in packs – and it looks like Wall Street is full of them. The Consumer Financial Protection Bureau (CFPB) a financial watch-dog group has recently released a database outlining complaints against several of the nation’s … Continue reading CFPB Database Reveals Wolves of Wall Street »