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Introduction Investing in penny stocks can be alluring, especially with promises of significant returns. However, these investments come with high risks. When a financial advisor recommends venturing into such speculative investments, it’s crucial to proceed with caution. This blog post explores the critical steps you should take to safeguard your financial portfolio when faced with […]
Introduction Finding out that your stockbroker is under investigation by regulatory authorities like the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA) can be alarming. As an investor, such investigations may raise concerns about the safety of your investments and the integrity of the advice you’ve received. This blog post will […]
In today’s financial landscape, understanding the rules and regulations that govern the interactions between brokerage firms and their customers is crucial for both parties. The Financial Industry Regulatory Authority (FINRA) and its Regulation Best Interest (Reg BI) have been pivotal in ensuring that the financial advice and products offered to customers are in their best […]
In the intricate world of investing, the relationship between a stockbroker and their client is built on a foundation of trust, transparency, and adherence to legal and ethical standards. An essential aspect of this professional conduct is the prohibition against stockbrokers borrowing money from their clients. This practice is not only frowned upon but is […]
Effective supervision is crucial for brokerage firms in today’s fast-paced financial world. The recent settlement by Merrill Lynch, Pierce, Fenner & Smith Inc. with the Financial Industry Regulatory Authority (FINRA), which resulted in an $825,000 fine, underscores the importance of maintaining strict oversight of financial advisors. Firms like Bakhtiari & Harrison, who advocate for investors […]