ABCs of Options: What Novice Investors Should Know
The subject of options in investment is a broad one and can appear overwhelming to new investors. Options continue to be a hot topic in the news as investors in platforms like Robinhood drive interest. But how options work is quite simple if you know the basics. Options are merely another asset class that investors […]
Broker Ronald Daley Barred by FINRA Following Theft Allegation
Publicly available records maintained by the Financial Industry Regulatory Authority (FINRA) and accessed on October 20, 2021 indicate that former Ohio-based W&S Brokerage Services broker Ronald Daley has been sanctioned by FINRA and barred from acting as a broker. MDF Law is investigating complaints against Mr. Daley (CRD# 4682165). Donald Daley has spent 12 years […]
401(k) Rollovers: How to Move Your Retirement Account without Getting Burned
A recent study estimated that American workers will have left almost $1.35 trillion behind in retirement accounts after changing jobs. And these aren’t always small balances, either—the researchers estimated the average forgotten account at around $55,000. When you leave a job, you often have the option of leaving your retirement account where it is. However, […]
Ed Turley: Fired By Chase After Multi-Million Dollar Complaint
Chase terminates San Francisco based advisor Ed Turley over foreign investments, MLPs and other allegedly improper deals.
Are You Qualified as an Accredited Investor?
Investors who do not qualify as accredited investors may be able to sue to recover their losses.
What to Do If Your Online Brokerage Account Is Hacked
When you hold your money in a bank account or process transactions using a credit card, there are legal protections in place to offer zero-liability protection. This means that if you experience unauthorized transactions due to fraud, as the account owner, your money isn’t on the line. You’ll be reimbursed for the damages, and your […]
Asset Allocation Negligence: Did Your Financial Advisor Put All Your Eggs in One Basket
Financial advisors who concentrate their investors’ portfolios in a small number of positions may be liable for negligence. If you or someone you know lost money due to an overly concentrated position, call us at 800-767-8040 for a free and confidential consultation. What Is Portfolio Diversification? Portfolio diversification is the practice of allocating assets […]
Prices and Time: Duty of Best Execution
The duty of best execution is a legal requirement under the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) rules. It mandates that brokers must always provide the most advantageous order execution possible for their customers at all times. The purpose of the rule is to prevent brokers from sending their […]
How To Remove A Restrictive Legend From A Stock?
It’s become increasingly popular for both start-ups and established companies to offer employees restricted stock as part of their compensation package. These securities are unregistered private sale stocks that are stamped with a restrictive legend that prohibits them from being sold publicly but Securities and Exchange Commission (SEC) Rule 144 allows the restrictive legend to […]