Our FINRA arbitration attorneys recently discussed the financial hazards of variable annuities: controversial contracts in which buyers pay installment or lump-sum premiums to insurance companies, which then invest the contributions into risky stocks and...
The financial industry often uses terminology that may be unfamiliar to consumers, particularly those who are taking their first steps into the world of investing. One of these terms is “variable annuities” – in particular, high commission variable...
A well-known method for companies to raise capital is an Initial Public Offering (IPO), in which the company sells its stock publicly for the first time. As opposed to IPOs, many business entities use “Private Placements” as an alternative route to raise...
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...
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...
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