Working for Justice

Tag: Fiduciary Duties

Kick-Backs Put Deutsche Bank in SEC’s Crosshairs

Deutsche Bank is in the news again, this time for false and misleading sales practices. At the heart of a complaint filed by the Securities and Exchange Commission (SEC) was a quid pro quo relationship in which Deutsche Bank offered only those funds whose sponsors agreed to kick-back a portion of their management fees to […]

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Pump and Dump Schemes: The Trojan Horse of Investments

In the realm of financial services, unknowing investors often fall victim to various securities fraud schemes, and one of the more common ones is the “pump and dump.” “Pump and dump” schemes are often associated with penny stock fraud and microcap fraud and are serious violations of the law. The “pump and dump” is a […]

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5th Circuit Kills DOL Fiduciary Duty Rule

The average person seeking financial advice for their retirement is unaware that the persons giving them advice are under no obligation to be loyal to their needs, to make prudent investment recommendations for them, or overall to act in their best interest. As a result, over the years many financial advisers motivated by their own […]

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SEC Proposes Regulation to Enhance Investor Protection

In an effort to enhance investor protections, the Securities and Exchange Commission (SEC) is proposing a new rule – Regulation Best Interest – that may come as a surprise to some investors. The SEC’s proposed rule requires your stockbroker to act in your best interest at the time he or she recommends an investment to […]

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Investment Fraud – Traps for the Unwary

Financial matters can be bewildering. Stockbrokers are supposed to help simplify the complexities and steer us in the right direction. But sometimes, stockbrokers care more about earning commissions than they do your well-being. It results in customers being stuck with dismal investments. Customers who complain are met with vigorous denials often supported by reams of […]

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401(K) Mismanagement: How to Recognize the Signs

Each year, millions of hard-working employees invest billions of dollars in their employer’s 401(k) plans because they trust their employer to provide a best of class plan. Often, however, the employer’s endeavors are tainted by a failure of effort, competence and/or loyalty.  Employees’ hard-earned retirement savings are exposed unnecessarily to wasted fees and poor investment […]

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Who is Lee D. Weiss? On Financial Adviser Misconduct

Not everyone will recognize the name Lee D. Weiss, but many might know or have heard of people just like him, who have engaged in a similar type of misconduct. So who is this man and what did he do? Lee D. Weiss was the primary owner and served as the managing partner of Family […]

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Private Equity Investors Beware

Private equity conjures up images of billionaires investing in success stories like Facebook and Tesla. Often, though, private equity investments come from retired persons who have labored a lifetime accumulating wealth for their golden years.  But when seniors fall prey to investments like Prometheus Law PLCMGMT LLC and Metropolitan Coffee and Concession, their golden dreams […]

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