The Dark Side of Reverse Mortgages

By Zachary Windham If you watch the news regularly, then chances are that you have seen some notable celebrity pitching the endless advantages of a reverse home mortgage. Actors such as Robert Wagner, Henry Winkler, Tom Selleck, and former U.S. Senator Fred Thompson have all touted the reverse mortgage’s ability to provide a comfortable, steady [&hellip

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Options Trading: Retirees Beware

By Blaine B. Remmick Options are a form of financial instrument known as a derivative, which Warren Buffet describes as a “financial weapon of mass destruction.” More specifically, options are contracts that allow a person to buy or sell an underlying asset at a specified price as long as the contract is executed by a [&hellip

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Exploring the Benefits of FINRA’s Securities Helpline for Seniors

By Josh Gutter In late September 2016, the SEC charged a CEO and boiler room operator “with defrauding seniors and others who were pressured to invest in a pair of penny stock companies and promised lucrative profits.”  This crime is just one example of how senior citizens can become the victims of financial fraud.  In [&hellip

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Not All That Glitters is Gold

By Anna Pierlussi Every time the price of gold bullions hits a record high, the interest in investing in gold skyrockets. TV campaigns, radio advertisements, blogs, and many other social media channels will often aggressively promote investing in gold. The problem is that most of the stocks and opportunities promoted do not involve a direct investment [&hellip

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H.R. 2357 – the Accelerating Access to Capital Act of 2015

By O. Jean Strickland As the Wall Street Journal reports, on September 8, 2016, the House of Representatives (“House”) passed H.R. 2357 – Title I—Accelerating Access to Capital.  Should this bill become law, it will direct the Securities and Exchange Commission (“SEC”) to revise Form S–3, which provides a streamlined process for access to capital [&hellip

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Beware of Boiler-Room Style Calls

By Kristen Barros With decades worth of Securities and Exchange Commission (“SEC”) and Financial Industry Regulatory Authority (“FINRA”) warnings, boiler room-style scams have nonetheless been a successful tactic used by many scamming brokers. These calls consist of a surprise phone call by a broker with a high-pressure sales pitch urging customers to invest in different [&hellip

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Think Twice if Your Broker Suggests an MLP

By Jon Sallah In the current low-yield environment, investors and advisors have been seeking alternative investments that offer better returns than those that are currently available through banks or corporations. In recent years, investors and brokers began purchasing partnership units in Master Limited Partnerships (“MLPs”) because they offer higher than average yields in the form [&hellip

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Clinic Students Submit Comment Letter on Proposed FINRA Rule Change

On September 8, 2016, the Investor Rights Clinic (“IRC”) submitted a comment letter to the Securities and Exchange Commission (“SEC”) to share its opinion regarding a proposed change to FINRA Rule 2232. The proposed rule change would require broker-dealers to disclose mark-up and/or mark-down pricing information on retail customer confirmations for certain fixed-income securities when [&hellip

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Keep These Red Flags In Mind and Prevent Yourself From Falling Victim To an Annuity Scam

By Jessica Nowak For as long as investing has been around, people have been scammed into spending large amounts of their assets on products that are not suitable for their lifestyles. More specifically, charming brokers tend to convince elderly individuals to invest in annuities that end up being more costly than they are beneficial. Occasionally, [&hellip

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United Kingdom’s Decision to Leave the European Union Leaves an Uncertain Future for American Investors

By: Jeffrey J. Leavitt On June 23, 2016, in a historical vote, the people of the United Kingdom voted to leave the European Union. The “leave” vote beat the “stay” vote 52%-48%. Not surprising to many, the vote to leave sent shockwaves across world financial markets. In the trading day immediately following the “Brexit”, world [&hellip

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