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UBS to Pay $25 Million to Settle SEC Fraud Charges Involving Complex Options Trading Strategy

The Securities and Exchange Commission today announced that UBS Financial Services Inc. has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy. According to the SEC’s order, UBS marketed and sold YES to approximately 600 investors through its platform of […]

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SEC Charges New York-Based Investment Adviser and Its CEO and Former Chief Compliance Officer with Securities Violations

The Securities and Exchange Commission today announced charges against registered investment adviser A.G. Morgan Financial Advisors, LLC (“AGM”) of Massapequa, New York, AGM’s owner Vincent J. Camarda, and AGM’s former Chief Compliance Officer James McArthur, for unlawfully offering and selling securities in connection with a more than $500 million unregistered fraudulent offering with lending company […]

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Melvin Capital to shut after heavy losses on meme stocks

Melvin Capital, once one of Wall Street’s most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year’s market slump. Melvin Capital had $7.8 billion in assets at the end of April. The fund lost 23% in the first four months of […]

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GWG files for Bankruptcy, Investor Should Consider Their Recovery Options

On April 20, 2022, GWG Holdings, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. In February 2022, the company, which sold $1.6B in life-settlement backed bonds defaulted. GWG has more than $2 billion in overall liabilities as of September 2021, along with $1.55 billion in […]

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Asset Allocation Losses – Finding the Right Balance

A prudent investment strategy starts with an asset allocation suitable for the portfolio’s objective.  The allocation should be built upon reasonable expectations for risk and returns and should use diversified investments to avoid exposure to unnecessary risks. Both asset allocation and diversification are rooted in the idea of balance. Because all investments involve risk, investors […]

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