Articles Tagged with Florida

ADR abuseInvesting in international assets is a great way to diversify and strengthen your portfolio. A healthy assortment of international security assets can set you up for long term success and aid your investments in weathering market volatility. Investing in internationally-based assets is made possible through the use of American Depositary Receipts (ADRs).

An ADR is a security that represents shares of non-U.S. companies that are held by a U.S. depositary bank outside the United States. They allow you to invest in non-U.S. companies as well as provide non-U.S. companies easier access to the U.S. capital markets. Currently, there are more than 2,000 ADRs available which represent shares of companies in more than 70 countries.

While ADRs present new avenues and opportunities available to you, they – as with any security – are not without risks. As an investor, you need to perform the necessary research and due diligence on an ADR-represented security prior to investing.

This year has seen some major ups-and-downs in the stock market. While fluctuations have been relatively small, their repetitive nature is significant.

For instance: you may not have noticed on the average day if the S&P 500 ended 1% below its intraday high or 1% above its intraday high, but now consider that it has fluctuated between the two over 70 times in 2018, and those minor shifts start to take on a lot more weight (this intraday fluctuation was recorded six times in 2017).

While the stock market maintains a seemingly placid overall performance on the surface, growing uncertainty over external and domestic economic factors are causing unease among investors, and exposing underlying volatility in the marketplace.

When you consider the financial toll of a hurricane or other natural disaster, losses due to investment fraud is most likely not something you would factor in. However investment fraud following a catastrophic natural event is quite prevalent.

Many investors have found themselves in hot water after getting involved in investment opportunities related to hurricanes or other natural disasters. Scammers love using natural disasters to leverage investment fraud, as they are able to prey on vulnerabilities of both those directly affected by the event as well as those who want to help disaster victims.

In the wake of Hurricane Michael, you may receive unsolicited investment offers purporting to provide some type of opportunity for returns. These offerings may be related to disaster relief, clean-up, or even storm prevention. While it’s possible some of these offerings may be legitimate, chances are high that they are either too good to be true or a flat-out scam.

When you entrust the the management of your investment portfolio to a broker, that’s a big deal. If you are going to ask someone to assist you in managing your financial future, you are going to want to know that they have your best investment interests at heart. The relationship between you and your broker should be entirely founded on trust, honesty and transparency. And for many broker/investor relationships, that is true.

Unfortunately, we find that isn’t always the case.

Obviously, selecting a broker is no simple task; you don’t just pick a name out of the phone book and go with them. Finding the right broker takes research and due diligence. You want to know that your broker is properly registered and in good standing.

The Fiduciary Rule is Dead! Long Live the Fiduciary Rule!

Well… it didn’t get quite such a commemorative send-off. In fact, it got the sort of ignominious sentence fit for a mongrel animal or a disowned family member. Yes, the Department of Labor (DOL)’s fiduciary rule is dead and it doesn’t look like we’ll be seeing anything resembling a revival.

If you have not been following, the demise of the fiduciary rule follows a months-long saga that has gripped the investment industry. If you have been following but you’re a little lost, that’s okay. The events leading to the recent outcome have been full of so many twists and turns it’s easy to lose the trail.

You know that stock investing comes with risks. Along with anticipated risks associated with the nature of stock trading, you also face risks associated with fraud. Some of the most widespread forms of stock fraud are carried out through fraudulent stock promotions.

fraudulent stock promotionsWhat Are Fraudulent Stock Promotions?

In fraudulent stock promotion scams, fraudsters hype a certain stock to generate investor buzz. Once a buy frenzy occurs, fraudsters will quickly sell off their shares, leaving investors to take the hit.

senior investorIf you’re a senior investor, you’ve likely been planning and saving for years to build your portfolio. You have rightfully earned everything you have accrued over the years and you deserve to realize the fruits of that labor in your golden years.

Unfortunately, your nest egg marks you as a target for investment fraud. Scammers like to prey on what they consider “easy targets” – those without the means to defend or protect themselves against investment fraud. The Securities and Exchange Commission (SEC) has regularly cited senior investor scams as a chronic fraud issue. Most recently, the SEC has pointed to Ponzi schemes as a major vehicle for perpetrating investment fraud against seniors.

Ponzi Schemes Targeting Seniors

Understanding Cybersecurity Risks
In today’s digital age, the use of technology to facilitate investments has become largely commonplace. We can see many examples of how investing has moved to the cyber-realm from online investing platforms to robo-advisers. While this has greatly empowered investors to take more direct control over their investment strategy, it has also increased the potential vulnerability to cyber fraud and theft.
“In a digitally connected world, cybersecurity presents ongoing risks and threats to our capital markets and to companies operating in all industries, including public companies…”

Could this be the beginning of the end of the Consumer Financial Protection Bureau as we know it?

fair lending enforcementThis month The Trump administration, through acting CFPB Director Mick Mulvaney, announced sizeable restrictions to CFPB’s enforcement and day-to-day oversight of the financial industry’s fair lending practices. The move comes shortly after Mulvaney was installed as Acting Director following the departure of Richard Cordray.

Speculation of the CFPB’s impending dismantlement under the Trump Administration has been swirling since the election and this is just one of the latest in a series of moves pertaining to the CFPB that lends some credence to that speculation.

cryptocurrency scamsBitcoin – Big Coin – Bitcoin – Big Coin…

Read that over a few times. Are those two words beginning to sound similar?

That’s what the founders of My Big Coin, Inc. were hoping when they created their cryptocurrency investment offering. The Nevada-based company has been accused of defrauding investors hoping to cash-in on the recent investment trend.

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