The Security Act of 1933, a pivotal piece of legislation in the world of finance insider trading and investment, laid the foundation for federal securities regulation in the United States. Born out of dire economic circumstances following the infamous stock market crash of 1929 and during the Great Depression, this act aimed to restore investor […]
Doug McKelvey, an ex-broker from Morgan Stanley, based in Southlake, Texas, confessed to embezzling over $1.5 million from his mother and mother-in-law, as per the U.S. Attorney’s Office in the Eastern District of Texas. Doug M. McKelvey, aged 58, conceded to money laundering charges and potentially faces a decade in prison, announced the U.S. Attorney’s
Morgan Stanley Advisor Doug McKelvey Confesses to Embezzling From Family Read More »
Selling away is a phrase used to describe the inappropriate practice of an investment professional (financial adviser or stockbroker) offering investments outside or away from the firm; implemented, the brokers sell those that his/her firm has approved for sale to the public. The investments are not on the employing firm’s approved investment product list, nor
When you work with a broker, you are trusting that they have your best interests in mind. However, when it comes to the legal responsibilities of brokers, many people are left wondering if they have a fiduciary duty to their clients. A fiduciary duty is the highest standard of care that one party owes to
Do Brokers Have a Fiduciary Duty? Read More »
Are you working with Cetera Financial Group and concerned about the investment advice you received? In this comprehensive review, we delve into the inner workings of Cetera Financial Group, exploring their services, complaint history, fee structure, regulatory disclosures, and employee experiences. Many victims of investment fraud by financial advisors think losses were due to market
Cetera Financial Group Investigated By Investment Fraud Lawyers 2023 Read More »