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Securities Regulators Warn Investors to Be Wary When Purchasing Annuities

Securities Regulators Warn Investors to Be Wary When Purchasing Annuities 150 150 Rex Securities Law

March 25, 2012 The Financial Industry  Regulatory Authority (FINRA) has expressed concerns to investors about annuities for many years. In 2006, concerned about unjustified annuity exchanges, they posted an alert showing investors how…

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Stockbroker Jailed for Selling Annuity to 83 Year Old Woman

Stockbroker Jailed for Selling Annuity to 83 Year Old Woman 150 150 Rex Securities Law

The Wall Street Journal reports that California’s insurance commissioner had independent insurance agent Glenn Neasham arrested for selling a complex annuity to an 83 year old woman. The jury in Lake County,…

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Securities Regulators Offer “Scam Meter” to Help Investors Avoid Making Bad Decision

Securities Regulators Offer “Scam Meter” to Help Investors Avoid Making Bad Decision 150 150 Rex Securities Law

The Financial Industry Regulatory Authority ( FINRA) has a Scam Meter on their website which might help keep investors from making a bad decision. It starts with the age old warning “If it sounds…

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Florida Dept. of Elder Affairs Announces Investment Fraud Information Website for Seniors

Florida Dept. of Elder Affairs Announces Investment Fraud Information Website for Seniors 150 150 Robert H. Rex

A recent article in the Palm Beach Post addressed the fact that scams and fraud against the elderly are a major problem in Florida. According to Florida Department of Elder…

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Securities Regulator, FINRA, Warns to Deal Fairly With Senior Investors

Securities Regulator, FINRA, Warns to Deal Fairly With Senior Investors 150 150 Rex Securities Law

In FINRA Regulatory Notice 11-52, issued in November 2011, the Financial  Industry Regulatory Authority reminded brokerage firms of their supervisory obligations regarding the use of certifications and designations that imply…

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Securities & Exchange Commission Warns Investors to be Wary of Unauthorized Trading In Stock Brokerage Accounts

Securities & Exchange Commission Warns Investors to be Wary of Unauthorized Trading In Stock Brokerage Accounts 150 150 Rex Securities Law
The SEC recently released an alert telling brokers and investment advisers to pay closer attention to unauthorized trading in customer accounts. In the risk alert issued by the nation’s top securities watchdog, the SEC says firms should watch for: Changes in trading patterns High volume of trade cancellations or corrections Manual trade changes Unexplained profits for a particular broker Rogue trades Trades that exceed risk tolerance for a … read more

Grubb & Ellis Seeks Bankruptcy Protection

Grubb & Ellis Seeks Bankruptcy Protection 150 150 Rex Securities Law

The  Investment News recently reported that Grubb & Ellis Co. is selling most of its assets to BGC Partners and blaming on the 2007-2009 downturn in US real estate markets, and has filed…

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