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exploitation of seniors

Securities Regulator Awards $2.1 million For Sale of Tenant in Common Investments (TICs)

Securities Regulator Awards $2.1 million For Sale of Tenant in Common Investments (TICs) 150 150 Rex Securities Law

A FINRA arbitration panel found that TIC investments were unsuitable and ordered Pacific West Securities to pay $2.1 million in damages to a couple that had been clients. TICs are real estate securities…

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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

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