6 Ways That May Help You Recover Investment Losses After Securities Fraud

investment losses

As an investor, risks are things you have to take into account. Before every investment decision, you need to assess potential risks and recognize ways to mitigate them. While its true that some securities and assets may have more associated risks than others, there is one they all share: the risk of fraud. However, while … Continue reading 6 Ways That May Help You Recover Investment Losses After Securities Fraud »

Protecting Your Investments Against Affinity Fraud

In a recently filed complaint,The SEC charged a prominent pastor in a scheme to defraud investors out of millions of dollars. Using his religious clout and reputation, the pastor leveraged investments out of devoted followers, mainly elderly. Between 2013 and 2014, the SEC alleges that Kirbyjon Caldwell, Pastor of the Windsor Village Methodist Church and … Continue reading Protecting Your Investments Against Affinity Fraud »

Wells Fargo’s Wealth-Management Business Under Scrutiny

Industry watchdogs turn their focus on Wells’ wealth-management services It seems that we may not have yet seen the end of the Wells Fargo accounts scandal. The Justice Department has taken an increased interest in Wells Fargo’s wealth-management unit following whistle-blower claims that the bank’s wealth-management customers have been affected. According to a Wall Street … Continue reading Wells Fargo’s Wealth-Management Business Under Scrutiny »

My Big Co(i)n: Cryptocurrency Scams Play on Same Old Tricks

Bitcoin – Big Coin – Bitcoin – Big Coin… Read that over a few times. Are those two words beginning to sound similar? That’s what the founders of My Big Coin, Inc. were hoping when they created their cryptocurrency investment offering. The Nevada-based company has been accused of defrauding investors hoping to cash-in on the … Continue reading My Big Co(i)n: Cryptocurrency Scams Play on Same Old Tricks »

$5.5 Billion Settles One of Two Mortgage-Backed Securities Lawsuits for RBS

The Royal Bank of Scotland (RBS) recently reached a settlement sum of $5.5 billion with the U.S. Federal Housing Finance Agency (FHFA) in the agency’s lawsuit. One down, one to go This settles at least one of the the two mortgage-baked securities lawsuits against RBS in U.S. courts. Another lawsuit remains pending with the U.S. … Continue reading $5.5 Billion Settles One of Two Mortgage-Backed Securities Lawsuits for RBS »

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 »

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 »

Financial Securities Firm Left Customers Vulnerable

Insecure Financial Securities Last week, the Financial Industry Regulatory Authority (FINRA) handed out a $650,000 fine to a broker-dealer in the Lincoln Financial Network. The industry watchdog group found that the independent broker-dealer in Lincoln Financial’s network allowed thousands of customers’ data to be exposed to foreign hackers. Similarly FINRA also found that Lincoln Financial Securities Corp. … Continue reading Financial Securities Firm Left Customers Vulnerable »

Top Investment Scams

We’ve talked a lot about investment scams in the past. Fraudsters are always finding new ways to take advantage of unwitting investors. However, there are several top investment scams that fraudsters favor and which serve as the basis for many new types of investment fraud. Investors should recognize most of these, but being able to … Continue reading Top Investment Scams »

SEC Warns of Form 4 Investment Scams

The Securities and Exchange Commission (SEC) has announced that investors should be on the lookout for fraudulent claims using Forms 4. A Form 4 is filed when investment insiders (officers, directors and anyone holding 10% or more in company securities) execute transactions. A Form 4, which must be filed within two days following a transaction, … Continue reading SEC Warns of Form 4 Investment Scams »