The media talks of the housing market collapse, the tightening credit market and the stock market collapse. At DSA, we’ve found investors that simultaneously got caught by falling home & securities prices and a tightening credit market. Here are two examples: 1) During the days of easy credit, a man took out a line of credit more »
The number of complaints filed with the Florida Division of Securities hasquadrupled over 2007 levels according to Securities chief Bill Reilly. The Division has added four employees to deal with the increased levels of complaints.
If you gauge suspicious activity by the Financial Crimes Enforcement Network’s (FinCEN) “By the Numbers” report on the Securities & Futures Industries, then yes. By FinCEN’s tally, Nebraska accounted for 7.31% of all SAR-SF filings from January 1, 2003 through June 30, 2008. Three states had higher counts (New York, Massachusetts & California) but Nebraska is more »
FINRA reports that arbitration filings are up 90% through February 2009 over the prior year. There were 1,065 arbitrations filed in just January and February 2009. If these numbers hold steady over the rest of the year, 2009 will witness a level of arbitration filings not seen since 2005. However, I don’t expect the filings to “hold steady” through 2009. more »