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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

Once unraveled ... just another fraudulent Ponzi scheme

The indications were all there. The luxury airplane travel. Exclusive club memberships. Pricey cars. Jewelry.

And to top it off: a polished and persuasive pitchman extracting money from the wallets of an impressed audience swayed by promises of sizable and guaranteed investment returns.

Does that sound familiar?

Did your broker agreement contain a mandatory arbitration clause?

You relied on your broker to make responsible decisions regarding the investment of your money. You figured that he or she possessed the expertise and knowledge required to handle that job. Otherwise, you may have simply made investments on your own.

Then, you began to suspect that your broker may not have lived up to his or her end of the bargain. Poor decisions based on any number of factors may have cost you a significant amount of money. You want to file a lawsuit against your broker seeking damages, but discover that your claim is subject to mandatory arbitration in accordance with the agreement you signed with the broker.

Margin trading: When is that an unsuitable investment?

There are myriad reasons why residents in California and elsewhere across the country turn to brokers and other third parties to make financial recommendations and manage their investment portfolios.

For starters, it's a complex and tricky world out there, with that being abundantly clear in the securities realm. Legions of lay persons understandably feel a bit challenged and sometimes even overwhelmed when it comes to picking and overseeing investments that are appropriate for their age and risk level.

Securities fraud scammer receives harsh sentencing outcome

Clearly, no spa visit is worth a decades-long prison term.

A one-time professional football player and ex-adviser with a major brokerage firm will now have 40 years in a federal penitentiary to think back on the scores of victims he defrauded over a multi-year period.

A momentous year for bitcoin … and related investor scams

The proverbial verdict is still out on the cryptocurrency bitcoin, which is still in its infancy.

Many people in the U.S. and across the globe don't seem willing to wait, though, for an emerging picture that provides hard empirical evidence regarding the stability and true value of bitcoin.

Questions arise re DOL's delay of broker-responsibility standards

Many of our California readers likely tracked news last year that focused on regulatory changes involving brokers' responsibilities to investors.

The key headline often spotlighting relevant stories featured so-called fiduciary duties. Those are what an adviser owes an investor to demonstrate impartial conduct while giving advice and to ensure that a client's best interests are always promoted.

A cautionary tale: If it sounds too good to be true …

"[I]t doesn't appear to be happening," says a commentator in a recent article focused upon fraudulent financial schemes.

Specifically, what a CPA who regularly works on fraud cases says is not occurring is an enhanced sophistication among consumers in steering clear of scams geared toward emptying their savings accounts.

Due diligence: Trust a broker (maybe), but verify and monitor

"[S]cammers scam and liars lie."

And there's a compelling reason why they do so when engaged in fraudulent schemes aimed at taking money from the wallets of would-be investors.

Out of client's wallet, into his: Finra disbars investment broker

Given the Financial Industry Regulatory Authority's assessment that he "plundered," it was a virtual certainty that a disciplinary hearing conducted recently by a Finra panel would end up badly for a broker under a withering spotlight.

The panel readily conceded that the adviser did actively and in a well-considered manner invest the limited monies of his client.

Did your investment advisor abuse your trust?

If you are like many other California residents who worked diligently to rebuild your portfolio after the Great Recession, you probably had to give your investment advisor a certain measure of trust. Perhaps everything went well for a while, but then you began to notice problems.

Now, you wonder if your advisor abused your trust. It's possible that your investment advisor breached the fiduciary duty he or she owed to you, and you lost a significant amount of money because of it.

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