In 2016, the Financial Industry Regulatory Authority (FINRA) barred a New Jersey man, the owner of Global Business Development and Consulting Corp., from continued securities activities. He had refused to appear for testimony in a case against him alleging that he...
Month: August 2022
Working to end the culture of victim-blaming after financial frauds
Experiencing financial fraud of any kind can be demoralizing. We tend to see the fraud all at once as a sort of revelation. It suddenly dawns on us that we have been defrauded. You can almost feel the blood rushing from your head. Far too many investors blame...
Dispute about an investment? Does your contract require arbitration?
Investors sometimes get into disputes with their broker-dealers over how their money has been invested. Your broker may have gone against your wishes, for example, by trading against your established investment plan. Or, your broker may have recommended an investment...
FINRA arbitration data now includes Reg BI disputes
The Financial Industry Regulatory Authority (FINRA) publicly posts statistics about the arbitration proceedings held under its auspices. As of this writing on August 5, the 2022 numbers are available through June, providing an interesting overview of the kinds of...
3 ways to address complaints against financial advisors
Investing is risky. As an investor, you shoulder most of the risk, and there are no guarantees that you’ll see a return on your investment. Even losing money due to a financial advisor’s bad advice isn’t enough to take legal action as long as they follow government...
SEC charges alleged bot trader, its principals with securities fraud
Can robotic traders (“bots”) get higher returns than ordinary traders by trading faster? It’s possible they do, but if so, the difference is unlikely to yield a significantly higher return on investment for anyone but professional traders. Almost certainly, bot...