Supervisory Failures on the Increase at Broker-Dealers
State regulators continue to see an increase in supervisory failures at broker-dealers, according to a review of 236 exams conducted in the first half of this year. In addition to failure to follow...
View ArticleChurch Bonds Have Claimed Many Victims
In recent years, church bonds have been hazardous for investors. Many of these investor losses can be attributed to the fact that church bonds were routinely sold by promoters and investment advisers...
View ArticlePage Perry Pursuing Church Bond Loss Claims
Page Perry announces that it is investigating instances where church bonds were improperly sold to members of the investing public. Recently the firm has been approached by investors whom sustained...
View ArticleInsurance Companies Raise Red Flags on Certain Alternative Investments
The recent actions of errors and omissions insurance carriers should serve as a major red flag to investors. Many of these carriers are refusing to issue coverage for sales of certain alternative...
View ArticleAlternative Investments Begin to Haunt LPL Financial
LPL Financial, the country’s largest independent broker-dealer, is encountering serious problems involving its sales of alternative investments. LPL is also (not coincidentally) one of the country’s...
View ArticleAlternative Investments – Often Tainted by Sales Practice Abuses
Investors in search of fixed income have poured money into a variety of alternative investments, including nontraded real estate investment trusts (REITs). Alternative investments encompass most...
View ArticleSEC Charges Former LPL Advisor With Fraud
On May 23, 2013, the SEC charged a former LPL Financial LLC advisor, Blake Richards, with fraud and misappropriating $2 million from at least six clients. The SEC filed the civil complaint in the U.S....
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