by About Broker Fraud | Feb 1, 2022 | Blog
In recent years the NASD has fined and censored a considerable number of firms for improperly recommending the purchase of Class B shares of mutual funds. The NASD has disciplined and suspended many brokers and advisers for the same reason. Table Of Contents LET’S...
by About Broker Fraud | Feb 1, 2022 | Blog
Last month an arbitration panel ordered the investment firm USB financial to pay over $80 million in consequential investments to Kajeet, Inc., a company that markets cell phones for kids. Kajeet’s award fell short of the $110 million requested but was more than ten...
by About Broker Fraud | Feb 1, 2022 | Blog
Yesterday, the New York Times ran an article on its online page questioning the fairness of securities arbitration. Understanding Conflicts of Interest Among Arbitrators The author of the article, Gretchen Morgenson, was particularly concerned with the process used...
by About Broker Fraud | Feb 1, 2022 | Blog
“Affinity Fraud” occurs when a stock broker or financial adviser gains the trust of the customer by using his status as a member of a group with which the customer is also affiliated. The NASAA (North American Securities Administrators Association) has...
by About Broker Fraud | Feb 1, 2022 | Blog
People who retire early need to tap into their retirement savings at an earlier date. As such they are susceptible to pitches from broker-dealers that guarantee comfortable early retirements. Fleecing of early retirees explained Table Of Contents Ten Percent Tax On...
