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February 2015 Archives

Fines assessed by FINRA in 2014 due to elder abuse increased

In a previous post we wrote about a case in which the funds of an elderly client were taken by her broker. According to the Financial Industry Regulatory Authority, the broker took a total of $88,850 from the woman over the course of 20 months.  As a result of elder abuse activities like that, a new study recently determined that there was a significant increase in the fines imposed by FINRA in 2014.  

Investors may be able to recoup losses if stockbrokers misbehave

There was a time when people saved their dollars and change in their mattress or a shoebox under their bed. While a few may still use their bedrooms as a safe, more and more are doing what they can to find ways to make their money work for them. One of the ways to accomplish this is through investing.