Blog & Investigations

FINRA Report Reveals Dangerous Gaps in Investor Knowledge

This week the FINRA Education Foundation released a report titled “Investors in the United States 2016.” The results, based on a sample of 2,000 investors, highlight dangerous gaps in investor knowledge that could well lead to financial disaster. An infographic accompanying the report points…

Elder Financial Abuse: Help May Be on the Way

As baby boomers approach and enter retirement, securities regulators, legislators and law enforcement agencies are sharpening their focus on the growing incidence of “Elder Financial Abuse.” Having identified the threat several years ago, FINRA (the Financial Industry Regulatory Authority) recently took concrete action to…

FINRA Hits Voya Financial Advisors with $2.75-Million Fine

We recently filed a FINRA arbitration on behalf of a retired school teacher in New Orleans who had been sold annuities by a Voya (formerly ING) broker on the premise that a 7% return was “guaranteed.” Anytime our client questioned…

New Engagements Representing Financial Services Professionals

In order to keep readers informed of their legal rights, and to help prospective clients understand our practice, we like to highlight some of our representative engagements. Today, we focus on two engagements on behalf of financial services professionals. In…

Conflicted Investment Advice Costs Families $17 Billion A Year

A recent op-ed in the New York Times revealed that conflicted advice from financial advisors to investors causes approximately $17 billion in losses to American families every year. The authors, professor Lily Batchelder and economist Jared Bernstein, strongly advocate a rule that all financial…