A recent report has detailed rampant elder financial abuse in the United States. Two nonprofit public interest groups, the Frontier Group and the U.S. PIRG Education Fund, analyzed more than 72,000 complaints filed with the Consumer Financial Protection Bureau (CFPB) and discovered that the CFPB has logged more than 72,000 elder abuse complaints since its […]
News Report 10/16/17 Read More »
CNBC reported on 8/16/17 that while D.C. deregulates, the states are stepping in as Wall Street watchdogs. For example, the Massachusetts state securities regulator announced a recent investigation into how top U.S. brokerage firms handle customer buy and sell orders and whether customers are getting the best prices for their trades. On 8/17/17 Financial-planning.com had
News Report 8/18/17 Read More »
On Wednesday, August 9, 2017, the Department of Labor (DOL) sought an 18 month delay for implementing the final part of its fiduciary. Many observe that this delay is certainly beneficial to the industry stake holders at the expense of individual investors. The rule actually went into effect on June 9, 2017, but there has
News Report 8/11/17 Read More »
The North American Securities Administrators Association (NASAA), an association of state securities regulators, released a 23-page report of a broker-dealer survey conducted in 2016 focusing on senior investors. The report was released in mid-June 2017 and it included data from 60 broker-dealer firms relating to the supervision of seniors accounts and escalation of senior issues.
News Report 8/4/17 Read More »
Gary Kenneth Rasmussen is registered with J.W. Cole Financial, and previously registered with Financial Advisors of America. Rasmussen is believed to have been the subject of one or more customer complaints related to alleged recommendations of unsuitable investment products. See: FINRA brokercheck. If you are an investor who has suffered losses with Rasmussen, J.W. Cole