Is Your Broker or Financial Adviser “Churning” Your Account?
The SEC defines “churning” as “the excessive buying and selling of securities in your account by your broker, for the purpose of generating commissions and without regard to your investment...
View ArticleWhy Simply ‘Looking Into’ Wall Street’s Failure To Perform Adequate Due...
The Securities and Exchange Commission has identified broker-dealer due diligence as an area of high risk. Before recommending any investment, a brokerage firm is required by law to have a reasonable...
View ArticleSEC Sanctions JP Turner for Compliance and Supervisory Derelictions
The SEC has charged Atlanta-based securities brokerage firm JP Turner & Company, as well as its executive vice-president and head of supervision, Michael Bresner, and its president William Mello,...
View ArticleJP Turner Brokers Accused of Over-Trading Customer Accounts
Three former brokers at Atlanta-based securities brokerage firm JP Turner excessively traded (“churned”) customer accounts in order to produce $845,000 in commissions and fees for themselves and the...
View ArticleA Focus on Eliminating Elder Financial Fraud
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...
View ArticleRespected Expert Warns of ‘Financial Train Wreck’
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....
View ArticleIt is Important for Investors to Know about their Broker’s Recruitment...
The Financial Industry Regulatory Authority is considering a rule change that would require firms to disclose brokers’ recruitment compensation packages to transferring customers. Brokers who are...
View ArticleClik here to view.
ETFs Encourage Speculation – Bogle
The biggest problem with exchange traded funds is the fact that they can be traded, according to Vanguard Funds Founder and index fund proponent John Bogle. The ability to trade ETFs plays into one of...
View Article