"November 30, 2020 - ORANGE, Calif. — Former insurance agent Brian Fredric Sauls, 48, of Santa Ana, was arrested on 13 felony counts of securities violations, theft from an elder, and residential burglary after california department of insurance logoallegedly persuading clients to invest over $1.1...
The Obama administration’s efforts to require firms to truly work in the interests of investors has already given people better choices, a new study says. "A battle over exactly how investors should be treated when they get financial advice has been underway for years. The Obama...
"New streamlined SEC disclosure meant to aid investors often leaves them in the dark In July, millions of American investors received a new government-mandated form from their financial planners that required advisers to disclose past misdeeds. But hundreds of the firms didn’t tell the full truth,...
Financial advisor | Law 360 | June 5, 2020 This summer, it may become more difficult for investors to determine whether a financial advisor indeed has their best interests at heart. Starting June 30, financial advisors who are affiliated with broker-dealers legally will be required to place clients’...
Reg BI | Law 360 | June 5, 2020 Law360 (June 5, 2020, 7:17 PM EDT) -- With the compliance deadline for the U.S. Securities and Exchange Commission's Regulation Best Interest fast approaching on June 30, broker-dealers and those who advise them are gearing up for a...
Investors | The Wall Street Journal | Akane Otani and Sebastian Pellejero | June 1, 2020 "When William Mark decided to get back into investing after the 2008 financial crisis, he looked past stocks and bonds. Needing to play catch-up with his retirement portfolio, the piping engineer...
Economic crisis | The Economist | March 18, 2020 When Bernie Madoff owned up to a $65bn Ponzi scheme in December 2008, it was not out of guilt. He knew the game was up. Three months earlier Lehman Brothers had imploded. The market meltdown sent clients clamouring...
Coronavirus | CNBC | Greg Iacurci | March 23, 2020 "Coronavirus scams are emerging, and many look remarkably similar to frauds from the 2008 financial crisis. Government agencies like the Federal Trade Commission and Federal Deposit Insurance Corp. issued warnings this week for Americans to be vigilant as...
“Paying the Price for Killing a Real Fiduciary Rule”: Risky, High-Commission Investment Schemes Already Being Promoted to Unwary Investors Hit With Major Portfolio Losses; How to Spot and Avoid Four Types of the Worst Investment Situations. NEW YORK CITY//March 19, 2020//With the “Coronavirus Crash” recalling the...
Investments | The New York Times | Tara Siegel Bernard | March 13, 2020 Investments: Fixed-index annuities are often pushed as a panacea to plunging markets As markets plunge, investors are likely to see more pitches from annuity brokers peddling complex products. Buyer beware. Shortly after the stock...
Call Us Now