Bad Broker Blog

When most people try to visualize what the typical victim of investment fraud looks like, they picture a fairly uneducated person living alone. If this is what you picture, think again. A recent study shatters many stereotypes. For example, victims of investment fraud are unusually likely to be college-educated married men.

The Wall Street Journal Questions the Fairness of Arbitrations

Margin is a loan that fuels firms's profits but can blow up your retirement

Variable Annuities do not belong inside IRA's or 401(k) retirement accounts--the investor should not have to pay twice.

Even the SEC says Variable Annuities Don't Belong Inside IRA's or 401(k) Accounts

Even billionaires have difficulties against brokerage houses. A Florida jury agreed that Morgan Stanley had defrauded billionaire Ron Perelman in connection with a business deal that went bad. Now a Florida court has reversed Perleman's $1.5 billion judgment against Morgan Stanley.

State regulators are proposing new regulations that would make it harder for brokers to use designations that suggest that the broker specializes in helping seniors. But regulators in 14 states are pursuing only 52 such cases. Makes you wonder whether such efforts will help the re-election efforts of regulators more than it will help seniors avoid being the victims of stockbroker misconduct.

Here is a new twist on an old game played by brokerage firms. No one has been watching Wall Street since the 1980s is going to be shocked by insider trading allegations. But one of the latest cases filed by the SEC has an unusal twist--one of the central players in the insider trading scheme is an attorney and compliance officer at Morgan Stanley.

Huge Down Day on Wall Street--and the World Markets. Has your broker ever projected or planned for the downside?

Variable Annuity Supervisors Claim to Supervise Themselves, Results in Raymond James $2.75 Million Fine.

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