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You may have lost money in your investment portfolio,
due to mismanagement and not even know it.

Los Angeles Securities Law Blog

Double whammy for big-time investment scammer

There are ups and, yes, there are downs.

And Jason Galanis has unquestionably experienced both of them, seemingly sitting atop the world -- or at least in one of his multiple luxury residences -- one moment, and languishing behind bars the next as federal criminal charges progressively pile up against him.

You could be taking a gamble with your insurance agent

Most insurance agents just want to make a living as you do. They want to put in their hours, go home and draw a paycheck. Sadly, like any other profession, some bad apples do exist — individuals who prey on the trust of innocent people.

When most California residents hear the words "insurance scam," they think of an individual defrauding an insurance company. However, the antithesis also occurs. Not all insurance agents are trustworthy or honest, and an agent may attempt to defraud you out of thousands of dollars of your hard-earned money.

Troubling focus: barring bad brokers doesn't routinely deter them

To put it in rather blunt terms, some stock brokers who have been identified as egregious wrongdoers and punished by financial regulators are like highly resistant infections.

That is, they just keep coming back.

Watching out for the bad guys: protecting hard-earned savings

They are out there, with a certainty.

And most people who have worked hard and long to build up savings and intend to see their retirement years shored up through both sound investment decisions and a proper safeguarding of their money know that they they're out there.

Bilked investors: Account actually had $5 in it, not $600 million

Some con artists who financially prey on the public have considerable staying power, given their ability to lie in incremental fashion, that is, with just enough deception to make it appear that everything account-related is legitimate while in fact they are stealing over a very long-term from trusting clients.

Others, well, don't, and fall prey to their own machinations a bit more quickly, especially when their supposed good-faith assertions to investors who rely upon their hyped professional credentials are flatly egregious departures from truth.

Is your financial advisor growing your wealth or a bad seed?

When it comes to making your money work, you face many challenging decisions. The world of investments is complex and can be confusing. Not only does this provide many opportunities for making mistakes, but it also leaves you vulnerable to unscrupulous financial advisors who are willing to use your uncertainty to their own advantage.

Therefore, among the many choices you must make with your money is the decision about who will be your financial advisor. Not only do you want someone who with knowledge and skill of investments and financial planning, you want someone with integrity.

Criminal conviction closes book on athlete/adviser relationship

For famed and long-tenured basketball superstar Tim Duncan, the enduring relationship he had with his financial adviser was akin to a partnership with a fellow player out on the hoops court who commanded respect through years of consistent and trust-inducing effort.

Indeed, it was Duncan's trust that inspired his continuing confidence and outright reliance on the professionalism of venture capitalist/broker Charles A. Banks IV. Banks made a number of investment suggestions to Duncan over a long span of time that the athlete duly acted upon by both handing over his own money and borrowing funds.

Finra snapshot: Just how widespread is the "bad broker" problem?

There are many hundreds of thousands of registered brokers and financial advisers across the country.

And, of course, not all of them act properly when it comes to money entrusted to their care by clients who are justifiably relying in good faith on their professionalism.

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