Unfortunately, there are some disreputable securities brokers out there. Some engage in churning, a type of broker misconduct, which can have serious financial consequences for their clients. All investors need to know what churning is, how to spot it, and what to do about it if they suspect their broker is engaging in this activity. …
The news headlines are full of people discussing the recent market volatility. Many commentators are offering their opinions of who’s to blame for the serious losses that we’ve seen over the course of the last few weeks. The team at McCarthy Lebit is not in the business of offering opinions of what’s driving the market …
We often advise readers of this blog to act promptly if they suspect that their stockbroker mishandled their accounts or gave them unsuitable or misleading recommendations. Usually, we just post a general warning that potential filing deadlines can bar investment claims. But we thought it might be a good idea to explain a bit more …
The Most Notorious US Financial Scammers Every civilized society is dependent for its success on its citizens being able to trust one another. And most people actually do tend to trust one another. Why? Because they themselves are basically good, or at least reasonably honest, and believe they will be treated honestly by others – …
If you find yourself in the unfortunate position of having lost a lot of money in your brokerage account, you may not be sure why it happened or you may suspect or know that it’s your broker’s fault. Assuming you become certain you have a valid claim – and how you do that is the …
We’re seeing a disturbing trend of financial advisers borrowing money from their own clients — a prohibited practice in the investment industry. Notwithstanding their claimed financial expertise, many brokers and investment advisers seem to run into personal money problems. Some turn to their clients for a way out. The adviser’s pitch usually goes something like …
InvestmentNews, an influential source of news, analysis, and information concerning the financial advisory community, has published a March 17, 2018 editorial that strongly urges the adoption of an idea for protecting investors who win arbitration awards against brokerage firms but are unable to collect because the firm is uninsured and goes out of business. And, the …
In February 2016, while Hugh Berkson was President of the Public Investors Arbitration Bar Association (PIABA), he researched and authored an extensive, groundbreaking report demonstrating that in approximately one out of three cases in which ripped-off investors win an arbitration award, the damages go unpaid, as does nearly $1 of every $4 awarded. His report …
Many people recently suffered a highly publicized financial disaster, accounts of which prominently concern the trading symbols VIX and XIV. We’re going to to attempt below to describe what happened in very simple terms. But as you’ll see, even the simplest description can be complicated. What’s XIV? XIV is the trading symbol for VelocityShares Daily …
As you cruise around our website, you’re likely to see references to the Financial Industry Regulatory Authority, more commonly known by the acronym “FINRA”. If you don’t know what FINRA is and what it does, here’s a brief explanation. About FINRA FINRA is a private corporation that regulates brokerage firms and helps to oversee stock …
