U.S. financial advisors will now be required to put their clients’ best interests before their own profits. This new law is known as the Department of Labor’s (DOL’s) fiduciary rule or standard. FINRA is now holding this standard. Prior to this rule, financial advisors were not required to put their clients’ financial interests first. They […]
Fiduciary Rule Equalizes System For Clients, Financial Advisors Read More »
The ARK Innovation Exchange-Traded Fund (ARKK), a complex, structured note offering, is at the center of a brewing storm of possible unsuitable sales. The ETF has significantly underperformed the broad market and has lost over 66% of its value at the start of the year. Its volatility and riskiness have been borne out by its
Investor Sues Cetera Advisor Over ARK Innovation Exchange-Traded Fund (ARKK) Losses Read More »
The removal of several NASAA protections for shareholders has been sought by Lightstone Value Plus REIT I, Inc., Lightstone Value Plus REIT II, Inc., and Lightstone Value Plus REIT III, Inc. in a series of proxy proposals for shareholders drawn up by them. Haselkorn & Thibaut currently represent REIT investors that lost substantial funds due
Lightstone REIT Shareholder Rights Under Fire Read More »
Charges have recently been filed by the Securities and Exchange Commission (SEC) against Chicago-based broker Bradley Allen Goodbread, earlier associated with LPL Financial. Goodbread is accused of defrauding a senior client with dementia out of $1.3 million. Sadly elder financial abuse is growing. Elder financial abuse can occur when an adult misappropriates or uses an
Established in 1984, Aegis Capital Corporation is a comprehensive retail and institutional broker-dealer headquartered in New York. They provide a broad spectrum of investment products and services as brokers and advisors. The firm recently faced sanctions from the Financial Industry Regulatory Authority (FINRA), triggered both by a client’s complaint of churning and a subsequent internal
Aegis Capital Corp Fined $2.8M For Excessive Trading and Unsuitability Read More »