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Brokerage Firms

The Broker Shell Game on the Fiduciary Issue

Dan Solin | Posted 06.14.2015 | Money
Dan Solin

Don't do business with brokers who will not confirm in writing that they are fiduciaries to you. In my experience, brokers will not make this representation and instead will try to persuade you that the "fiduciary issue" is a red herring. Don't be fooled. It's a really big deal.

The Huge SIPC Risk Your Broker Isn't Disclosing

Laurence J. Kotlikoff | Posted 09.16.2014 | Money
Laurence J. Kotlikoff

Your broker has a duty to disclose all risks from investing with him and his company. He also has an obligation to tell the truth. If he misleads you, including failing to disclose a major risk to your investment, you can sue him personally.

Why No One Should Use Brokerage Accounts (UPDATE)

Laurence J. Kotlikoff | Posted 08.19.2014 | Money
Laurence J. Kotlikoff

Financial fraud, in its multiple forms, is a plague that can be temporarily suppressed, but not eradicated. Some of the worst financial actors were exposed in the Great Recession. But every day brings fresh reports of gross misconduct on Wall Streets at home and abroad.

TrakInvest: Crowdsourcing Financial Wisdom in Asia

Sourav Roy | Posted 05.05.2014 | Technology
Sourav Roy

The social trading platform which integrates global equities trading with social listening, has received strong buy-ins from various academic, research and financial services institutions across Asia.

Perform an Easy Check to Ensure Your Broker Is Not Among 70,000 With a Blemished Record

Andrew Wang | Posted 02.05.2014 | Money
Andrew Wang

It isn't worth risking your hard earned savings.

Dealing With Cold Calls From Brokers

Dan Solin | Posted 11.10.2013 | Business
Dan Solin

While cold calling by brokers is legal if it's in compliance with applicable statutes and regulations, it's a practice that readily lends itself to abuse.

Single Females in America: Leaning Into Homeownership

Ellen Haberle | Posted 09.22.2013 | HuffPost Home
Ellen Haberle

When you read the latest buzz about the rise in single female homeowners in America, what kind of woman did you picture?

A Chink in the Mandatory Arbitration Armor

Dan Solin | Posted 07.07.2013 | Business
Dan Solin

If your broker is enthused at the prospect of resolving claims against him in a system administered by an organization that receives financial support from the brokerage industry, you know it's a terrible idea.

The Top New Year's Resolution for Savvy Investors: Know Your Fees First

Tim Chen | Posted 03.02.2013 | Business
Tim Chen

If you're among the 17 million investors using accounts at the popular online brokers Schwab, TD Ameritrade, and E-trade, you are collectively throwing away over $1.8 billion a year in unnecessary fees, according to a recent NerdWallet study.

'Kill Switches' Not 'The Big Red Easy Button'

Reuters | Posted 12.03.2012 | Business

* SEC convenes roundtable following Knight error * Executives broadly support concept of kill switches By Sarah N. Lynch...

Lessons You Can Learn From This Wealthy Investor

Dan Solin | Posted 11.18.2012 | Business
Dan Solin

Until Congress summons the courage to pass this Act, you need to heed the lessons you can learn from this experience of the DeBerrys.

Mark Gongloff

Collapsed Brokerage Firm Breaks Irony Meter | Mark Gongloff | Posted 07.10.2012 | Business

Are you getting collapsed brokerage firm PFGBest confused with collapsed brokerage firm MF Global? It's understandable! They're both commodity brokera...

Gen-X/Gen-Y Wealth Is Coming to Wall Street -- Financial Services Needs to "Catch the Wave"

April Rudin | Posted 05.27.2012 | Money
April Rudin

The differentiators and qualities displayed by Gen-X and Gen-Y need to be well-understood and addressed to attract the the next wave of wealth.

Judge Slams FINRA Arbitration

Dan Solin | Posted 05.20.2012 | Business
Dan Solin

In the interim, attorneys like Ms. Evans should ask themselves whether their stunning success is attributable to their legal skill or the lack of impartiality of FINRA arbitration panels.

Big Brokerage Firm Files For Bankruptcy After Bad Euro Bets

Posted 12.31.2011 | Business

NEW YORK (Reuters) - MF Global Holdings Ltd filed for Chapter 11 bankruptcy protection on Monday, court records show. The filing came after talks t...

When Morgan Stanley Talks, People Listen -- EF Hutton Goes Viral in 2011

April Rudin | Posted 08.01.2011 | Business
April Rudin The financial services industry in America has certainly evolved from the days of EF Hutton, however, the ...

Your Broker Can Eliminate Your Tax Liability

Dan Solin | Posted 06.12.2011 | Business
Dan Solin

It's tax time, so I thought I would blog about a little known benefit of using major brokerage firms.

More Bad Guys, More Investigations

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

With the mergers and acquisitions game heating up, the opportunities to beat the system with inside knowledge of non-publicly announced deals have become much greater.

Bear Stearns Stockholders Socked

Mortgage News Daily | Posted 05.25.2011 | Business

The news wasn't surprising but the price tag was a real stunner. On Sunday J.P. Morgan chase agreed to pay $2 per share to acquire failing Wall Stree...

Is Lehman Next?

CNN/Money | Colin Barr | Posted 05.25.2011 | Business

Lehman Brothers (LEH) may be in for a long day. Shares of the brokerage firm slid 15% in early trading after the firm said it's got enough cash to kee...

NYSE Censures 15 Firms

Wall Street Journal | JAIME LEVY PESSIN | Posted 05.25.2011 | Business

NYSE Regulation said it censured and fined 14 member brokerage firms and one former member firm a total of $10.4 million for prospectus-delivery failu...