UBS, your struggles with the IRS are beginning to get in the way of business. If you're not lucky, vultures from other financial companies will soon be plucking at your market share like roadkill.
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The season makes me wonder: What does it take to become a Halloween mask?
Presumably, there was a glory to betting big and being right. The highs from winning more than trumped considerations of fair play. Of course, there was one problem. They got caught.
I invest my clients' portfolios by focusing on their cash needs first: renovations to a house, capital calls from other investments, and tuition for example. These discussions are tangible.
Financial advisers: we serve clients best when everybody is on the same page. I would resist the temptation "to reinvent yourself" just to make the quick sale and bag a few extra bucks.
If I introduce myself as a "stockbroker" at a cocktail party, people look at their watches and say, "I'm late for a drive-through root canal."
If the system is broken, can Madoff victims expect just solutions? And since when do umpires share in the spoils of victory?
Ira Sorkin, defense attorney for Bernard Madoff, requested his client's sentence be limited to twelve years. He cited Madoff's age and thirteen-year l...
The Securities and Exchange Commission barred Bernard Madoff from the securities business. We all feel safer now? Yeah, right.
What do Bernie Madoff, Ahmed Ghailani, and a captured Somali pirate have in common? They're all locked in the same New York prison.
Grove manages about $2 billion in total assets for wealthy families. He's seen it all inside his investment bank. He'll be joining Acrimoney for a new guest series: What Would Grove Do?
Madoff victims don't need a cook. They need Solomon to sort through these complicated issues of law and fairness.
Get-rich-quick schemes are the new WMD.
Supposedly "managed futures" herald the dawn of an enlightened age for investments but what the heck are they and why are corn and interest rates being uttered in the same breath?
If this were Hollywood, the courtroom would be jammed. Reporters everywhere. Rowdy audience. Distinguished lawyers snarling and prepping to rip each o...
The trustee is on a mission to recover funds. He has his agenda, and we're watching a game of hardball between the courts and some extremely wealthy investors.
FINRA and the SEC are compounding a problem -- they're regulating unevenly. The result is that bad guys have a place to hide -- or to reinvent themselves.
Madoff's sense of order was legendary. He probably arrived at the office early just to run the vacuum cleaner. Other cons are similarly fastidious.
Madoff's preferential treatment of some investors, however, is a big deal. It's a likely blueprint, I think, of the trustee's legal tactics.
Hedge funds are often unstable. One bad year, and investors pull their capital. A few bad "marks," and lenders make margin calls.
Most of the Ponzi schemes originate in the United States. It's embarrassing.
Nothing like retirement in the big house.
The home of the the $23 million, alleged fraudster is less than one minute's walk from the Florida estate of Bernie Madoff.
Twenty million dollars is enough to cover the cost of 10 lawyers for more than 18 months.
Incremental solutions, the nuts and bolts of everyday financial planning, help. Diversify your investments. Tweak your estate plans by funding trusts or opening accounts for your kids.
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