Institutional Investors Are Suing Financial Firms Over the Mortgage Mess
Major institutional investors such as Charles Schwab, PIMCO, and the Federal Home Loan Bank of Chicago are suing firms like Citigroup, Wells Fargo, and Bank of America to force them to buy back...
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 ArticleSophisticated Institutional Investors “Jump on the Bandwagon”– Sue to Recoup...
Sophisticated institutional investors are bringing claims in waves against Wall Street financial institutions for fraud in the sale of mortgage backed securities, CDOs and related exotic investments....
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 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 ArticleSurvey – Most Investors Don’t Really Understand ETFs (Exchange Traded Funds)
Most investors are not well informed about exchange traded funds and 46% describe themselves as “novices,” according to a survey taken by Charles Schwab Corp. Yet the survey also found that 44% planned...
View ArticleBond Investors Want Better Pricing Information
A study by the Charles Schwab Corporation indicates that retail investors want more information about the bonds they invest in, specifically, the base price of bonds and the amount of the markup by...
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...
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