Many people in the U.S. use stocks, bonds and other securities as major investment vehicles to help finance important personal and family goals. These retail investors – meaning individual, private, nonprofessional and noninstitutional investors – often turn to...
Owners of small, family businesses and individuals at various levels of wealth often invest their money in stocks to secure their futures and protect their families. The unfortunate truth is that these retail investors face some risk of becoming the victims of...
Older investors have heightened vulnerability to investment fraud and other kinds of financial exploitation during social isolation, which increases the chances of cognitive decline, warns a new investor bulletin from the U.S. Securities and Exchange Commission (SEC)...
In part 1 of this post, we shared that the Securities and Exchange Commission’s (SEC’s) has adopted a final rule modernizing the investment adviser marketing and solicitation rules – calling the new regulation the “marketing rule.” In part 1, we describe the...
The Securities and Exchange Commission (SEC) has released a final rule change that will modernize the regulation of investment adviser advertising, which has not been done since 1961. The agency is calling it the “marketing rule.” Of course, over the decades...
Recently, we discussed the relatively new Regulation Best Interest (Reg BI) promulgated by the Securities and Exchange Commission (SEC) that imposes on broker-dealers an enhanced standard of care toward their retail customers. Since June 30, 2020, broker-dealers and...
June 30, 2020 was the deadline for compliance with new standards of conduct for broker-dealers in their professional relationships with retail clients. To that end, the Securities and Exchange Commission (SEC) adopted new regulations, including Regulation Best...
In part 1 of this post, we talked about the role of the Financial Industry Regulatory Authority (FINRA) as a forum where investors can arbitrate claims of negligence, improper investment or fraud against their brokers or brokerage firms for problematic investments...
Performing an internet search for information about investment fraud reveals an almost shocking number of news stories on the topic. For example, a former broker and investment advisor was indicted on Aug. 5 in federal court for mail and securities fraud for allegedly...
Financial fraud is an insidious and highly pervasive threat facing Americans. Anyone can fall victim to such predatory activity, but research has shown that senior citizens are at a much high risk of being attacked by these scammers. MSNBC reported in 2019 that these...
