Naples Daily News
Several days before New York and Florida agents raided his Port Royal mansion and stock brokerage firm in April, Anthony “Tony” Marchiano discovered an undercover agent had infiltrated his Naples office. The new guy, a cold caller, was quietly dismissed. Later, Marchiano’s wife told some of the brokers this: Marchiano carries a small device to […]
Medical Economics
fast-talking broker swindled one doctor out of almost $185,000. Such scenarios happen a lot more often than you’d think. Clark Gardner was the classic cold-call victim. Although initially skeptical when a broker he didn’t know phoned, the Los Angeles radiologist was won over by the fellow’s persuasiveness. Like many specialists, Gardner had seen his income […]
As seen on CNBC & MSNBC
Aug 14 – The extended bull market and the record trading volume in U.S. stocks has fattened the bottom line for the nation’s securities firms. Before taxes, they earned more than $12 billion last year – a record. But that money has a downside, too. It’s a temptation for an unscrupulous few. ONE CALIFORNIA regulator […]
As seen on CNBC & MSNBC
Aug 13 – Within the world of the securities industry there is debate over whether investors’ rights are adequately protected. The regulatory arm of the National Association of Securities Dealers, for one, says its budget is up 45 percent over the last three years and that it has taken a number of measures to help […]
As seen on CNBC & MSNBC
WASHINGTON, Aug 12 – The securities industry, led by the Securities Industry Association, points with pride to its own research showing that complaints against brokers are down. But industry regulators have different statistics. Even so, many of those involved in securities enforcement say improved safeguards help protect people from unscrupulous brokers, unethical firms and scam […]