Ponzi schemes in Pennsylvania tend to prey on people who want to make a lot of money in a short amount of time. At the beginning of the scam, it might seem like you're getting a good return on your investment. But when the scheme inevitably falls apart, you'll likely...
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What are common investment fraud schemes, according to FINRA?
Pennsylvanians who are investing their hard-earned money and trusting their future to advisers and firms have the right to expect aboveboard behavior and for the law to be followed. Unfortunately, there are many acts of fraud that engulf even the most vigilant...
Pennsylvania man defrauded investors for more than $2 million
As the saying goes, “if it sounds too good to be true, it usually is.” While it is hard to pass up a great deal, the reality is that some of these good deals are far from just that. When it comes to making an investment, this could result in serious detriments for...
Points to consider when selecting a broker
When you start investing in the stock market, you will want to retain a broker. Regular brokers interact directly with you, while broker-resellers act as intermediates between you and a larger broker. In either case, there are some points to consider when choosing a...
Understanding ERISA Regulations
Many workers in Pennsylvania are familiar with ERISA laws protecting employees who work for companies that provide perks like retirement plans, health insurance and pensions. The Employee Retirement Security Act and includes the laws that set minimum standards for...
What is ERISA and how does it protect workers?
The Employee Retirement Income Security Act (ERISA) is an important protection for workers’ retirement and pensions. For that reason, workers should be familiar with how ERISA works. How can ERISA help protect a worker’s pension or retirement? ERISA provides insurance...
Beware of fraudulent financial statements
When you’re determining what types of stocks to invest in, you might turn to a company’s financial statements to help guide your decision. However, some unethical companies may manipulate their financial information, giving you a less than complete picture of a...
New rules from FINRA designed to protect elderly people
Pennsylvanians who trust financial firms with their money and investments rely on the Financial Industry Regulatory Authority (FINRA) to protect them from possible misdeeds committed by the companies and people who work there. Although many are aboveboard with their...
Common ERISA violations that hurt Pennsylvania workers
Everyone deserves to be paid for the work that they perform. Unfortunately, many workers suffer wage-related harm from their employers when they are subject to violations of the Employee Retirement Income Security Act, also known as ERISA. When an ERISA violation...
Insider trading is not a victimless offense
Insider trading is, basically, using one’s access to privileged information as a means of making money at other’s expense. More specifically, an investor engages in insider trading when she uses business or financial information that is not available to the general...