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Scott Silver Re-Elected Chair Of Securities And Financial Fraud Group Of The American Association For Justice

Scott Silver, Silver Law Group’s managing partner, has been re-elected as the co-chair of the Securities and Financial Fraud Group of The American Association for Justice (AAJ), an advocacy group that promotes a fair and effective justice system. Scott is honored to be chosen to continue serving in his role…

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Did You Invest With NEXT Financial Group?

Atria Wealth Solutions, Inc. is a wealth management holding company with subsidiaries that serve independent finanicial advisors and financial institutions. The company has recently agreed to acquire NEXT Financial Group Inc., an independent broker-dealer based in Houston. NEXT Financial Group serves more than 500 independent advisors with approximately $13 billion…

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NAIFA Files Anti-Investor Lawsuit Against New York State

The National Association of Insurance and Financial Advisors of New York State Inc. (“NAIFA”) filed a lawsuit on November 16 in the New York Supreme Court alleging New York regulation requiring insurance agents and brokers to act in the best interest of their clients when selling life insurance and annuity…

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New York’s Regulation 187 May Cause Problems For Insurance Agents, Brokers And Their Clients

When you purchase insurance from a broker, investment advisor or insurance agent, shouldn’t they have your best interests at heart? New York’s Regulation 187 was designed to do just that, and could take effect as early as August of 2019. In it, agents and brokers are required to have the…

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SEC Suspends Pot Stock Advanced Cannabis Solutions/General Cannabis

General Cannabis, formerly known as Advanced Cannabis Solutions, is a service provider based in Denver, CO, that provides consulting and assistance to cannabis-related companies for production, cultivation and retail operations. (The company does not actually grow crops.) Like any company offering securities for sale, Advanced Cannabis was required to supply…

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Securities Arbitration Lawyer v. a Non-Attorney Representative?

If you’ve been investing for even a short while, you may have been contacted by someone claiming that you were “cheated” out of money or otherwise wronged by your broker. This company can help you get your money back that you are rightfully entitled to, they say. Non-attorney representatives have…

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Ethical Financial Advisors Can Help Clients Avoid or Spot Fraud, Says the North American Securities Administrators Association (NASAA)

Some estimates suggest American seniors lose nearly $40 billion a year due to elder financial fraud According to a 2015 report from the retirement planning site True Link, American senior citizens lose an estimated $35.6 billion each year from investment scams and other fraudulent financial schemes. Despite the role that…

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New FINRA Guidelines Aim to Protect Seniors from Elder Financial Fraud

Learn about the safeguards that can help older investors The Financial Industry Regulatory Authority (FINRA) is a nonprofit organization overseen by the government and tasked by the securities industry to protect investors through the creation and enforcement of rules and regulations. Periodically, FINRA makes adjustments and revisions to its guidelines,…

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SEC Takes Action to Reduce Instances of Senior Fraud

New rules are intended to assist financial institutions in reducing the amount of investment fraud targeting seniors and other vulnerable investors. Senior investment fraud. Elder fraud. Elder financial abuse. Scamming older investors. No matter what it is termed, this unfortunate activity takes place at a far greater rate – with…

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