It’s Halloween weekend and kids throughout the country are dressed in costume. (Same for a fair amount of adults in college towns too.) 75 years ago, the public was terrified when the hit movie Son of Frankenstein was released in theaters. Today it takes more than a movie to scare most adults. For this Halloween […]
Securities America Fined For Improper Supervision – Stockbroker Fraud Post
Securities America is a large broker dealer headquartered in La Vista Nebraska. Licensed in all 50 states and in business for over 3 decades, the firm is well established in the industry. Lately, however, it has attracted some negative attention for its business practices. Some say the company has allowed or ignored fraud by some […]
Success Trades Securities In Trouble? FINRA Says Yes (stockbroker fraud post)
by Brian Mahany Success Trades Securities has a great name. They also have the financial backing of many NFL and NBA players. Regulators say that some of these players invested in the company in exchange for a promised rate of return between 12 and 26%. Banking news source bank rate.com says the average interest rate […]
Massachusetts To Check Criminal Records Of Stockbrokers
by Brian Mahany Now that’s a novel idea… check the criminal record of people seeking jobs as stockbrokers. The Massachusetts Securities Division is proposing to require applicants seeking to be licensed as stockbrokers and investment advisers to consent to a criminal background check. While the idea isn’t foolproof, its a good plan. Federal and state […]