Posts belonging to Category Elder Abuses
Posted by Page PerryonOctober 16, 2012
Equifax and NCR have reportedly joined a growing number of large U.S. corporations that are offering employees lump sum payouts in lieu of their guaranteed, lifetime monthly pension payments. Other notable companies offering pension buyouts include General Motors, Ford, Sears, Archer Daniels Midland, automotive industry supplier Visteon, and the New York Times Co.
Categories: Brokerage Firms, Early Retirement Scams, Elder Abuses, Employment Issues, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations
Posted by Page PerryonOctober 15, 2012
Investors beware – advisers who make up or inflate their credentials are committing fraud upon their clients. This is often the first step leading to the devastating losses to investors we read about almost every day. Overburdened and underfunded though they are, the SEC announced that it will take action to combat this growing problem.
Categories: Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Employment Issues, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonOctober 11, 2012
Variable annuities have long been criticized as one of the worst investment choices ever. Complicated, costly, and Illiquid by virtue of surrender penalties, variable annuities offer investors less benefit than traditional investments that can bought without the expensive insurance company wrapper, according to many experts.
Categories: 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, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonOctober 9, 2012
Since early 2010, the SEC has filed more than 100 cases against hedge fund managers for misusing investor assets, lying about investment strategy or performance, charging excessive fees, hiding conflicts of interest, and other wrongdoing. These hedge fund frauds have victimized even the most sophisticated investors by falsely promising outsized returns or secured and guaranteed […]
Categories: Alternative Investments, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Hedge Funds, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonOctober 5, 2012
The Securities and Exchange Commission charged James S. Quay, age 50, a disbarred Atlanta attorney and unlicensed financial advisor, with defrauding two elderly women he convinced to invest with him directly. Mr. Quay is a convicted felon and had a history of steering retirees into fraudulent investment schemes, which he concealed from his victims, according […]
Categories: Affinity Fraud, Brokerage Firms, Common Securities Broker Abuses, Elder Abuses, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Ponzi Schemes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonOctober 4, 2012
Page Perry announces that it is investigating instances where church bonds were improperly sold to members of the investing public. Recently the firm has been approached by investors whom sustained devastating losses as a result of investing in church bonds and has found an array of misconduct by the sellers ranging from outright fraud to […]
Categories: Affinity Fraud, Bonds, Brokerage Firms, Church Bonds, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, G A Repelle, High Yield (Junk) Bonds, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Supervisory Failures, Unsuitable Recommendations
Posted by Page PerryonOctober 3, 2012
Too many investors speculate rather than invest according to John Bogle, the founder of the Vanguard Group and the creator of the Vanguard 500 Index Fund, which tracks the S&P 500 stock index. Investing means buying and holding; trading (frequent buying and selling) is speculation. Speculation is what happens when sales people act as financial […]
Categories: Brokerage Firms, Churning, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Exchange Traded Notes (ETNs), Exchange-Traded Funds (ETFs), Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Mutual Funds, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unsuitable Recommendations
Posted by Page PerryonSeptember 24, 2012
In recent years, church bonds have been hazardous for investors. Many of these investor losses can be attributed to the fact that church bonds were routinely sold by promoters and investment advisers as safe investments. These representations were simply untrue.
Categories: Affinity Fraud, Bonds, Brokerage Firms, Church Bonds, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, High Yield (Junk) Bonds, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Supervisory Failures, Unsuitable Recommendations
Posted by Page PerryonSeptember 21, 2012
Investments aren’t always what they appear to be. On the surface, church bonds may appear like a safe and appealing investment. That is the way they are pitched by promoters and investment advisers. Investors are often motivated by appeals to support the church mission, and encouraged by quotations from scripture (“Give, and it will be […]
Categories: Affinity Fraud, Brokerage Firms, Church Bonds, Common Securities Broker Abuses, Elder Abuses, Fairness/Just & Equitable Conduct, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations
Posted by Page PerryonSeptember 19, 2012
Church bonds, and broker sales practices involving them, have earned a spot on the list of examination and enforcement priorities of the Financial Industry Regulatory Authority (FINRA) for 2012. FINRA is concerned about sales of church bonds arising out of brokers’ inappropriate sales practices, unsuitable product offerings and misrepresentation.
Categories: Affinity Fraud, Brokerage Firms, Church Bonds, Commodities and Futures, Common Securities Broker Abuses, Elder Abuses, Fairness/Just & Equitable Conduct, G A Repelle, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations
