Regulators Charge TD Ameritrade and Amerivest Investment Management with Fraud
Pennsylvania regulators have charged TD Ameritrade with fraud in selling its Reserve Yield Plus Fund, according to an August 4, 2010 Wall Street Journal article by Daisy Maxey, “TD Ameritrade Faces...
View ArticleSocial Networking Services Present a New Risk for Investors
“Socialized” or “social” investing is the latest way that some brokerage firms are creating a casino-like atmosphere and catering investors’ worst instincts, according to a Forbes article by Zack...
View ArticleDisillusioned Brokers Seek “Greener Pastures”
The upheaval in the financial industry has prompted long time brokers in the full-service brokerage firms like Morgan Stanley Smith Barney, Bank of America Merrill Lynch, and UBS Wealth Management...
View ArticleProposed Changes to New York Law Would Make Wall Street More Accountable
Wall Street may face a wave of lawsuits under an expanded version of the Martin Act, New York’s securities anti-fraud statute, if the newly elected Governor of New York has his way, according to a Wall...
View ArticleWall Street Whistleblower Program Already Paying Off
The new whistleblower program that pays big cash rewards for tips about investment fraud has already resulted in a large number of high quality tips to the SEC, according to a news story this week on...
View ArticleAre Brokerage Firms Really the Trusted Financial Advisers that Their...
Expecting licensed professionals who provide investment advice to act in their clients’ best interests “should be a basic tenet of the business,” but brokerage firms and their brokers don’t want that...
View ArticleMany Exchange Traded Funds (ETFs) Provide Investors with a Wild and Dangerous...
Some exchange traded funds are just plain dangerous, and investors should not be lured by the “siren song of ETF marketers,” according to Dave Kansas’ Wall Street Journal article, “Exchange-Traded...
View ArticleBrokers Transition to Smaller,Independent Firms
Investment advisors and brokers continue to go independent, and they are taking more assets with them when they leave their firms, according to an InvestmentNews article by Lavonne Kuykendall entitled...
View ArticleHigh Risk Options Trading Is Being Pushed By Some Brokerage Firms
In another example of brokerage firms catering to retail investors’ worst instincts, supposedly investor-friendly firms like Charles Schwab and TD Ameritrade are focusing on expanding their trading...
View ArticleSEC Receiver’s Plan is Unfair to Proactive Medical Capital Noteholders
In the Medical Capital Receiver case, the SEC Receiver recently filed the “Receiver’s Proposed Plan for Distribution” (the “Plan”) which contains some disturbing news for those investors who were...
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