Trade Churning at Wells Fargo Putting Investors in Financial Danger
In 2016, Wells Fargo made national headlines through an account fraud scandal in which employees created millions of fake bank accounts without the consent of customers. This scheme caused thousands of clients to rack up extra fees, simultaneously harming...
What to Do if Your Financial Advisor is Churning Your Account
Trade churning is a serious problem for many investors. You place your accounts in the hands of a financial advisor or broker, trusting them to grow your money and keep the account costs and fees low. However, some advisors will take advantage of this trust and force...
Investors Lose Over $100M to Investment Scam Run by Former Felon
Imagine that you’re a retired investor looking to increase the returns on your portfolio. Now imagine that your advisor – a person you trust to guide some of your largest financial decisions – approaches you with a suggestion to invest approximately...
Recent Comments