When the Dow Jones Industrial dropped a shocking 767 points on Monday, many investors learned just how susceptible their current investment portfolio is to market fluctuations. Learn how you should respond to drastic market plunges and keep your nest egg safe even in market plunges from our experienced securities attorneys:
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The Dow Dropped Mid Trade War Escalations: Do I have a right to sue my broker when my securities portfolio drops with the market?
Did you fraudulently lose money while your brokerage account was managed by a FINRA-registered brokerage firm? Here is how you can file a FINRA arbitration with the assistance of a securities lawyer. https://www.aboutsecuritieslaw.com/how-do-i-file-a-finra-arbitration-what-do-i-do-if-my-broker-has.html
FINRA-registered firm Nomura Securities International agreed to pay $25 million to reimburse customers after its traders allegedly made misrepresentations to customers about the costs and profits of mortgage-backed securities. Our securities fraud attorneys want to highlight this story to remind investors to exercise caution when buying and selling high risk complex products within an opaque secondary market. At the very least, make sure that you can trust the broker handling your account by researching into their background through publicly available records on BrokerCheck.
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Nomura Securities Agrees to $25-million Settlement for Allegedly Misleading Investors about Mortgage-Backed Securities
The SEC's Regulation Best Interest package proposed this past month has certainly stirred up controversy. Regulation Best Interest is meant to hold brokers to a higher standard when handling customer accounts, but many, including our own investor attorneys believe a stronger rule is needed. In the latest move to oppose Regulation Best Interest, the House of Representatives voted to block funding for the SEC's enforcement of the package through an amendment to the Financial Services and General Government Appropriations. https://www.newyorksecuritieslawyersblog.com/house-of-representatives-votes-to-block-controversial-regulation-best-interest/
The SEC barred former Windsor Capital FINRA-registered broker Jovannie Aquino from working in the industry after allegedly churning his customers' accounts and making unauthorized trades. Churning is when a broker frequently trades in customers' accounts to profit from the commissions. If you have reason to believe that your broker churned your investment account, contact our securities lawyers for help. https://buff.ly/2Lj1NzH
Ivy leagues including Harvard and Princeton, have joined the growing number of universities offering personal finance training to students. Through greater financial knowledge, people will be more prepared to make smarter economic decisions void of manipulative influence. Early personal finance courses are an excellent starting point for every young person's life long-self education.
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Elite Universities Offer Personal Finance Education, Highlighting More Awareness of the Importance of Financial Literacy