People or organizations in Pennsylvania that are considering legal action against fiduciaries will need to address four issues within their lawsuits. Cases with evidence that appears to fulfill the necessary elements of a fiduciary breach of duty claim for damages may...
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Altoona Securities Law Blog
Basis for FINRA claims
Pennsylvanians who have lost money in their brokerage accounts because of the actions or failures to act by their brokers may have grounds to pursue arbitrage through the Financial Industry Regulatory Authority, or FINRA. This agency regulates brokers and has a system...
5 Telltale signs of investment fraud
A savvy con artist knows that to separate you from your money, they must gain your trust. While investment fraud often conjures up images of shady-looking characters, the reality is that a con man will use every tool at their disposal to appear reputable and...
FINRA Phishing Warnings And Tips For Avoiding Scammers
From posing as door-to-door salesmen to representing credit card companies with fraudulent offers, scammers come in various forms. Phishing is the act of using electronic messaging—via email, texting or otherwise—to obtain an individual’s personal information....
Dealing with fraudulent financial advisers in a volatile market
Many investors are nervous right now. As the world's economic outlook remains uncertain, markets have taken a sharp dive in recent months. When this happens, people often turn to their financial advisers to navigate the storm. But sadly, volatile markets can lead some...
FINRA’s guidelines for regulation compliance regarding COVID-19
The COVID-19 outbreak has thrown numerous industries into disarray. The financial sector is no different. Businesses, investors and shareholders are reeling from the impact of the ongoing pandemic. One unexpected hardship has been the need to quickly adapt to the many...
4 ways federal securities laws protect defrauded investors
When you’re investing your money, you’re doing so through a broker who has the kind of specialized knowledge that you don’t necessarily have. Maybe you accrued your wealth incrementally through a business or job and want to see that sum make more money through...
Unpacking what the SEC’s Best Interest regulation means for you
The Financial Industry Regulatory Authority (FINRA) exists to protect would-be and current investors in securities by regulating the market. It licenses and legislates the parties who deal in securities, meaning the financial advisors and brokers who deal in stocks...
How investors can protect themselves from financial scams
In late 2008, at the onset of the Great Recession, news of Bernie Madoff’s Ponzi scheme exploded into the headlines. Across the nation, people from all professional and economic backgrounds were rushing to liquidate investment funds. Madoff’s clients were no...
How to protect yourself from investment fraud
If there is one universal agreement, it may be that your money should stay as your money. The problem is, there are always fraudulent investment advisors and scammers trying to come between you and your money. There are some key steps you can take to protect yourself...
