JP Morgan recently reported financial earnings, and it seems like a distant memory that in December 2015, JP Morgan paid a $267 million fine to the SEC. The SEC Press Release refers to improper disclosures to customers as well as improper efforts by employees of JP Morgan to steer customer investments into proprietary mutual funds and …
Herbert J. Sims & Co., Inc. (HJ Sims) was founded in 1935 as a financial services firm offering private wealth management and other services… the firm represents to investors that it takes a holistic view and provides investor clients with the resources of a full-service firm, offering broker-dealer as well advisory services through affiliate entities. …
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 …