Reach Out and Touch Someone: Proposed Special Proceedings for Simplified Arbitration Can Help Bridge the Gap Between FINRA Decisions on the Pleadings and Full Hearings

By Andrew Zuckerman Presently, if you are an investor with a claim against your broker for $50,000 or less (excluding interest and expenses) you have two options for pursuing your claim through FINRA’s arbitration process. The first and default method is to seek a decision by a single arbitrator based on the pleadings. Alternatively, parties [&hellip

Read full story Comments are closed

Financial Aggregation Platforms: Convenience at a Cost

By Lauren Van Buren It is no surprise that Americans are willing to make sacrifices in exchange for convenience. The way we manage our finances is no exception. In a 2017 survey, 62 percent of smartphone owners stated that they used an online banking application, and 26 percent said they wanted their mobile devices to [&hellip

Read full story Comments are closed

Reading Your Mutual Fund Prospectus Like a Pro

By Paul Vargo To the average retail investor, reading and understanding a prospectus can be a daunting task.  A prospectus is an informational packet created to assist investors in understanding the securities that they wish to invest in.  For example, a mutual fund prospectus will describe the objectives, risks, and other essential information about the [&hellip

Read full story Comments are closed

Protecting Against Advance-Fee Scams

By Brandon M. Peck Investors, who have been harmed financially in the past or warned of the market’s volatile downturns, find particular comfort in iron-clad guarantees from solicitors when considering an investment.  Aware of the comfort that the word “guarantee” can provide to potential victims, financial scammers abuse it as a tactic to make their [&hellip

Read full story Comments are closed

Understanding the Tax Implications of Retirement Account Contributions and Withdrawals

By Giselle Carratala A recent survey of more than 27,000 Americans conducted by the FINRA Investor Education Foundation found that one in ten Americans have taken “hardship withdrawals” from their retirement accounts. As the April 17th deadline to file returns approaches, many of those individuals will be asking themselves the following question: will I have [&hellip

Read full story Comments are closed

New FINRA Rules Clamp Down on the Financial Exploitation of Senior Investors

By: Norka Lecca Seniors lose an estimated $36.5 billion each year to financial abuse. Aiming to combat this statistic, the Financial Industry Regulatory Authority (“FINRA”) imposed two new rules, Rule 4512 and Rule 2165, which became effective on February 5, 2018. These rules encompass the first uniform, national standards to protect senior investors. The financial [&hellip

Read full story Comments are closed

Binary Options

By Kevin Fish Binary options are a simple yes or no proposition, hence the name “binary” option; and the proposition is: Will the underlying asset be at a certain price at a certain time?  A binary call option is a prediction that the underlying asset will increase and a binary put is a prediction that [&hellip

Read full story Comments are closed

ABLE Accounts

By Harshan Shanthakumar There is a new type of savings account on the financial market and it’s one you should be “ABLE” to figure out. The federal ABLE Act, which was passed in 2014, made way for individuals with disabilities and their families to set aside $14,000 a year to be used for disability-related costs, [&hellip

Read full story Comments are closed

How Are Cryptocurrencies Being Regulated?

By Jake Altobello With the proliferation of cryptocurrencies within the past year, “bitcoin”, “etherium” and “litecoin” have become buzz words synonymous with rapid gains of wealth. However, the level of risks associated with such “investments” poses significant risks for the traditional investor. Due to the fact that cryptocurrencies are not being backed by any governmental [&hellip

Read full story Comments are closed

Cryptocurrencies and ICOs—Defined and Risk-Assessed

By Vanessa Rousso Cryptocurrency—a concept that, despite its recent popularity, remains obscure and enigmatic to the vast majority—might as well have been called cryptic currency. Indeed, Investopedia defines cryptocurrency as, “a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of [&hellip

Read full story Comments are closed