VARIABLE ANNUITIES – Not For You

Why Variable Annuities May Not Be For You       You are being targeted by your friendly insurance/securities broker.  As you may be aware, financial misconduct is one of the fastest growing industries in our country.  While brokerage firms pretend that investor protection and fair dealing with customers is the “foundation” of the securities industry, abuses […]

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VARIABLE ANNUITIES: SELLER PROMISES

Variable annuity sales are often known for seller’s promises that are not kept.  A well-known Investment Advisor recently called Variable Annuities the “cigarettes of the investment world.” What apparently is meant by the quote is that Variable Annuities may be toxic to your financial health. Why? Because the promises made by the sellers of these […]

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WELLS FARGO ADVISORS SANCTIONS

The Securities and Exchange Commission recently imposed sanctions against Wells Fargo Advisors.  These sanctions included monetary penalties for Wells Fargo’s breach of ‘insider trading’ activity rules and procedures. Wells Fargo Advisors admitted that in spite of their policies and procedures, supervision failed to sufficiently investigate red flags and failed to enforce Wells Fargo’s own policies […]

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MARCUS DEBAISE: A FORMER WELLS FARGO ADVISOR

According to FINRA records, Marcus DeBaise has been subject to over 40 customer disputes since 2011, many of which relate to the over-concentration of investor portfolios in speculative oil and gas equities.  Brokerage firms like Wells Fargo Advisers have a duty to properly supervise their representatives like Marcus DeBaise to ensure that the investments that they […]

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ATTENTION LPL INVESTORS

Attention LPL Investors!  Did you recently receive a ‘Remediation’ offer from LPL in the mail? Would you like a free conference call with an Attorney regarding your investment recovery options? LPL recently settled charges with state regulators that they engaged in improper sales to their elderly customers. Please call toll-free for your FREE conference call […]

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FINRA ARBITRATION: LITTLE SHOP OF HORRORS

Investors who are seeking restitution for losses sometimes encounter their own little shop of horrors.  When investors seek restitution for losses caused by a broker or brokerage firms negligence or fraud are generally unable to go to Court.  They must arbitrate their claims under FINRA rules with FINRA arbitrators.  While FINRA’s process was generally conceded […]

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ARBITRATION AWARDS FOUND ARBITRARY

A recent study reported that while investors win somewhere between 40% to 60% of customer cases, larger claims against the largest brokerage firms like Merrill Lynch and Morgan Stanley Smith Barney result in recoveries that are a small percentage of the amount claimed.       The 10 year study was compiled by attorney Daniel Solin and […]

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ATTENTION STRUCTURED CD INVESTORS

Did you know that structured CD’s [certificates of deposit] are extremely complex products? A recent study indicated that on average, investors received only approximately94 cents of value for each dollar invested in structured CD’s![1] Structured CD investors are told that they can gain access to the markets while reducing their exposure to market risk. However, […]

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ATTENTION INVESTORS: BEWARE OF NON-TRADED REITS

A recent study by SLCG concludes that non-traded REIT’s [Real Estate Investment Trusts] should not have been sold to almost any investor. This is due to the following factors:       Non-traded REIT’s charged more than $15 billion in up-front fees;       Non-traded REIT’s are fraught with conflicts of interest;       Sponsors pay corrupting upfront fees and commissions of […]

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ONLINE TRADING: IT’S NOT FOR EVERYONE

No less than the Chairman of the SEC has indicated, changes in the cost and ease of trading stocks should not lull investors into a false sense of security or encourage them to trade too quickly or too often.  He also recommended the use of limit orders rather than market orders when submitting a trade […]

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