Stockbroker fraud is a hot topic these days. Thousands of investors make claims each year about investment scams and Ponzi schemes. In many cases, when the dust settles, the only “deep pocket” is the brokerage firm that facilitated the sale of the investment. Other times, registered reps simply don’t take the time to know their […]
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 […]
Stock Traders More Reckless Than Psychopaths? Yes Says Study!
by Brian Mahany German news source Spiegel says that according to a recent Swiss university study, stock traders are more reckless than psychopaths! Unfortunately, that news may take away what little remaining confidence investors have in the marketplace. According to a study conducted by the University of St. Gallen, stockbrokers are both more reckless and […]
Brokerage Giant Raymond James In Court Over Suitability Decision
by Brian Mahany Raymond James is a large broker dealer with dozens of offices nationwide. Occasionally one of their stockbrokers makes a mistake. No surprises there. Raymond James’ handling of the case, however, is shocking. Hurshel Tyler is in his late 80’s. In May he won a $1.7 million award from a FINRA arbitration panel. […]