Here is a suggestion, Google “San Diego Investment Scams.” Your screen will be filled with stories about offshore investment scams, Ponzi schemes, reverse life insurance policies and other opportunities that sound too good to be true. We all need to be reminded that “too good to
Alternative Investments: Know What You Are Sold
For the past few years, many of my clients have suffered losses in alternative investments. These investments, as the name suggests, are alternative to stocks, bonds or mutual funds. In my opinion, no one actually buys these investments — they are sold these investments. If
What You Can Do To Avoid Investment Fraud
As in many areas of our lives, prevention is the key to avoiding many pitfalls of modern society. The U.S. Securities and Exchange Commission website contains a lot of helpful information on avoiding investment fraud. Click on the link below for a nice summary on
Stock Market Volatility and the High Yield – Guaranteed Advertisements
Back in 2008 and 2009, stockbrokers and financial advisors were flooded with telephone calls from frightened and panicked customers. Most customers simply wanted to protect their assets and sit on the sidelines during the market upheaval. However, if history has proven anything, it has shown
Your Broker is Moving Again?
Recently, I was asked to review investment account statements for a number of individual investors who were surprised to learn their broker had unexpectedly left the brokerage firm. Or as they say in the business, the broker was “permitted to resign.” My initial review of
The “Wealthy Client” Defense, also known as “You can afford to lose money … quit complaining!”
After 20+ years of representing individual investors in Wall Street disputes, I have heard hundreds of defense arguments presented by Wall Street attorneys. Some of the arguments are presented in a reasoned, thoughtful and compelling manner supported by the facts and the law. Some other
Has Your Broker Been Skinny Dipping?
Warren Buffet famously once said, “Only when the tide goes out do you discover who has been swimming naked.” Mr. Buffet was explaining that rising tides (or markets) can mask a lot of unseemly and improper behavior. In other words, it is often only when
Retirees are Concerned About the Volatility in the Current Market!
Many retirees are feeling the anxiety and uncertainty that currently exists in the market. Wall Street experts have pronounced that “volatility” is the new norm. Is a correction underway? Are we in for another dive off a cliff like in 2008? The answer to these
The State of Wall Street Disputes
The State of Wall Street Disputes Back in the early 1990s, I was a law student eager to graduate, pass the bar exam and open my own firm representing investors in Wall Street Disputes. Back before the internet boom (and bust) and before global
