When auto manufacturers fail to comply with safety regulations, they put their customers and others on the road at risk. They can also do some financial harm to their investors.In 2015, a group of investors filed a federal lawsuit against Fiat Chrysler Automobiles...
If you pay your broker a commission on every trade, you're paying them for their knowledge and experience. You trust that they are making moves that will benefit you and your account.Churning happens when the broker engages in excessive trading for the sole purpose of...
In recent years, CBS Corp. has been dealing with a family drama that's not on its primetime line-up of shows. It involves 95-year-old Sumner Redstone, who once oversaw the network, along with the media company Viacom Inc. Both were under the banner of the company...
A financial advisor is supposed to help you invest your money wisely and set yourself up for the future. While they do make money for this service, your best interests are still supposed to be their top priority.Unfortunately, you often get advisors that do not put...
As an investor, you want your money to work for you. It should grow in a way that benefits you. Of course, there is always a chance of loss when you make investments, but the decision to take that chance should be made by you --not your broker or adviser.The financial...
As an investor, you have the right to say how your money is handled. You need to know that you can count on your advisor to do what you feel is best for your money. There are times when your advisor might provide options to you that might work better than what you had...
When you decide that it is time to invest, your investment style has to be a factor in what your advisor chooses for your portfolio. Typically, they will try to determine whether you have a preference for aggressive or conservative investing. These are two very...
Investors should be able to count on their financial advisors to do what is in their clients' best interests. While many of them do what they should, there are some who are very self-serving. Instead of advising clients about what is best for the investor, they look...
While anyone can get scammed by a financial advisor, elderly people are particularly vulnerable to being taken advantage of in financial transactions. With that in mind, the Kentucky government established the Elder Investment Fraud and Financial Exploitation (EIFFE)...
Investment advisors often have a fiduciary obligation to their clients. Depending on the nature of the relationship between the client and the advisor, this fiduciary obligation could be stronger in some cases. When a broker or advisor is dishonest and makes decisions...
