investors

Can Investors Sue Brokers over Coronavirus Losses?

Can Investors Sue Brokers over Coronavirus Losses?

The pandemic rocked markets like they have not been rocked since the global financial crisis of 2008-9. In many ways, the last few months have done more damage to the financial markets than even that historical moment in time. In fact, volatility was worse due to coronavirus, and many investors lost a very large portion of their investment accounts.

The question is — why? And the next question is — should your financial advisor have better protected you?

Aging Parents & Unscrupulous Brokers

Aging Parents & Unscrupulous Brokers

Yet another article from The New York Times reminds us that in caring for our aging parents and relatives, not only are we responsible for finding them suitable end of life care and living arrangements, but we must also keep an eye on the people managing their money.

Philly Fed Urges Seniors to Use Trusted Contact Program to Protect Wealth

Philly Fed Urges Seniors to Use Trusted Contact Program to Protect Wealth

In a recent pronouncement, the Federal Reserve Bank of Philadelphia has suggested that anyone - but especially Philly seniors - provide their bankers or brokers with trusted contact information in the hope of cutting down on elder financial abuse.

Pennsylvania Stockbroker Charged in Ponzi Scheme

Pennsylvania Stockbroker Charged in Ponzi Scheme

No, it's not the Polka King of Pennsylvania but something far more prosaic. Last week, according to complaint released by the Securities and Exchange Commission (SEC), a former stockbroker based in Wayne, PA has been sentenced to more than 5 years in prison for operating a $2.35 million ponzi scheme that involved 30 investors.