Posts belonging to Category Early Retirement Scams
Posted by Page PerryonSeptember 24, 2012
Regulators and legislators have not fixed the problems in the financial system that led to the financial crisis of 2008, according to Kenneth Rogoff, a professor of economic at Harvard University. In addition, regulators are in something akin to an “arms race” that they have no hope of winning, according to Professor Rogoff (“Rogoff: Financial […]
Categories: Early Retirement Scams
Posted by Page PerryonSeptember 11, 2012
We can all help eliminate financial fraud of the elderly. The elderly are common victims of financial fraud. Family members should be alert to warning signs that may signal a problem. Warning signs may include failure to pay bills, unopened statements from brokerage accounts, statements from a brokerage account the family was previously unaware of, […]
Categories: Affinity Fraud, Brokerage Firms, Churning, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unauthorized Trading, Unsuitable Recommendations
Posted by Page PerryonSeptember 7, 2012
Investors who are putting money into Royalty Trusts are making a big mistake and the brokers that sell them should be ashamed of themselves. According to Jason Zweig, a noted columnist with the Wall Street Journal (“Will These Royal Yields Rule?” WSJ), these trusts own nothing except income from oil wells and the right to […]
Categories: Alternative Investments, Asset Backed Securities, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Private Investments/Reg D, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations
Posted by Page PerryonAugust 31, 2012
The SEC has found that most investors understand very little about the financial products they buy. In the wake of the financial crisis, Congress, suspecting that the financial illiteracy of ordinary investors played a role in the crisis, commissioned a study by the SEC as part of the Dodd-Frank mandate. The SEC has completed its […]
Categories: A General Overview, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Stockbroker Standards of Conduct, Unsuitable Recommendations
Posted by Page PerryonAugust 29, 2012
InvestmentNews, a publication geared to financial advisers, recently published a list showing how eight of the largest nontraded real estate investment trusts (REITs), which have raised over $30 billion from investors, have lost over $11 billion in value (“Decline in equity value of major nontraded REITs”).
Categories: Alternative Investments, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Nontraded REITs, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unsuitable Recommendations
Posted by Page PerryonAugust 28, 2012
Investment advisers and their firms are facing increased scrutiny from state regulators following enactment of the Dodd-Frank financial reform act and the high profile press coverage of the Madoff ponzi scheme and other fraudulent activities. The number of regulatory enforcement actions against investment advisers increased by 100 percent in 2011. Regulators are on the lookout […]
Categories: Affinity Fraud, Common Securities Broker Abuses, Crowd Funding, Early Retirement Scams, Elder Abuses, Exchange Traded Notes (ETNs), Exchange-Traded Funds (ETFs), Fairness/Just & Equitable Conduct, Insurance Products, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Oil & Gas, Ponzi Schemes, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations
Posted by Page PerryonAugust 23, 2012
InvestmentNews is reporting that the Behringer Harvard Strategic Opportunity Fund I owes more money than it can pay, that its liabilities exceed its assets (“Behringer Harvard opportunity fund under water”). “Behringer Harvard informed brokers last week of the fund’s problems and is preparing to inform investors by Friday,” according to the article. The Behringer Harvard […]
Categories: A General Overview, Alternative Investments, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Investigations, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Nontraded REITs, REITs, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unsuitable Recommendations
Posted by Page PerryonAugust 23, 2012
Financial exploitation of older Americans is a big problem and it is getting bigger. An article by Wall Street Journal columnist Kelly Greene points out that senior citizens are “very vulnerable” to fraud and refers to a recent study by the Investor Protection Trust. The study polled hundreds of regulators, financial planners, healthcare professionals, social […]
Categories: Affinity Fraud, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Insurance Products, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Ponzi Schemes, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations
Posted by Page PerryonAugust 22, 2012
New types of scams are posing threats to investor well-being. The North American Securities Administrators Association (NASAA), a group of state securities regulators) has identified four new types of fraud to go along with the 6 persistent fraud threats that round out their Top Ten Threats to Investors.
Categories: A General Overview, Affinity Fraud, Brokerage Firms, Common Securities Broker Abuses, Crowd Funding, Early Retirement Scams, Fairness/Just & Equitable Conduct, Insurance Products, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Nontraded REITs, Oil & Gas, Ponzi Schemes, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Tenant-in-Common Interests, Unsuitable Recommendations, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonAugust 22, 2012
A recent arbitration action filed by the Atlanta law firm Page Perry, against Investors Capital Corporation (ICC) seeks to recover losses suffered by five former employees of a Georgia Power plant in Rome, Georgia, arising out of the actions of ICC’s broker, Henry Wilder Bailey of Watkinsville, Georgia, who handled the retirement nest eggs of […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unsuitable Recommendations, Variable Annuities and Equity-Indexed Annuities
