Hedge Fund Scams Harm Investors
Anastasios “Tommy” Belesis, owner of John Thomas Financial, a brokerage firm, and George R. Jarkesy Jr., a hedge fund manager, worked together to defraud investors in the John Thomas Bridge and...
View ArticleCDOs Haunt UBS
Swiss banking giant UBS AG is reported to be engaged in settlement discussions with the U.S. Securities and Exchange Commission regarding its structuring and underwriting of an allegedly fraudulent...
View ArticleAlternative Investments – Are They All They Are Cracked Up To Be?
Rising interest rates may be death to traditional bonds and bond funds, but a number of alternative investment strategies allegedly designed to protect principal in a rising interest rate environment...
View ArticleOppenheimerFunds Pays $35 Million to Settle Charges
OppenheimerFunds Inc. has agreed to pay more than $35 million to settle SEC charges that it made misleading statements about two of its mutual funds during the credit crisis in late 2008. The...
View ArticleMost of the Yield from Muni Bonds is Illusory
Allan S. Roth prefers low-cost diversified bond funds for investors seeking the best interest yields on their investments. Mr. Roth, the noted financial planner and Wall Street Journal contributor,...
View ArticleMore Risks Ahead for Muni Investors
Stockton, California, the most recent U.S. city to file for Chapter 9 bankruptcy protection, has presented serious issues about whether municipal bondholders will be forced to take a “haircut” while...
View ArticlePromissory Note Award Hits Broker-Dealer Hard
A Financial Industry Regulatory Authority (FINRA) Arbitration Panel has ordered MML Investors Services LLC to pay $1,137,923 to a California investor in connection with the sale of an unregistered...
View ArticleAlternative Investments – Big Problems
According to financial advisers, do not be fooled by the recent market in stocks into believing that we are in for a continuing period of sustained low volatility. Those advisers want you to expect...
View ArticleBrokerage Firm ‘Shoots First and Asks Questions Later’
When a securities brokerage firm sues to collect the balance due under a promissory note from one of its brokers, the securities industry often views the case as close as one can get to a “slam dunk”...
View ArticleFront-End Bonus Payments May Need To Be Disclosed
If your broker or financial adviser told you he was moving to another brokerage firm and asked you to move your account there, would you want to know if he was being paid thousands or millions of...
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