We Expect More From An Oracle
These days, the supposed saint of the investing world, Warren Buffett, looks as much a sinner as anyone else on Wall Street.[More...]
View ArticleThree Strikes And You’re Out For UBS
Regardless of risk, Wall Street will sell whatever products to whomever it wants whenever it likes.[More...]
View ArticleInvestors: Beware Of Etfs
Investors need to understand Exchange Traded Funds–”ETFs”–before they jump in thinking they are just like mutual funds. Your broker or adviser may have pitched the product to you already. It’s the...
View ArticleWall Street–At Last–Ponies Up
Wall Street is finally paying—in big heaps of cash—for its sins of the mortgage-backed securities debacle.[More...]
View ArticleWhy Wall Street Sharks Swim Free
It’s no secret that the feds have gone soft on busting Wall Street titans and other executives at the center of the credit crisis.[More...]
View ArticleWhy Can’t Wall Street Be Honest With The Public?
Below is the article done by Securities Attorney Jake Zamansky on 09/13/11 on the Forbes web site.[More...]
View ArticleJustice For Bank Of America, Or A Whitewash?
On the eve of trial, Bank of America (really its current shareholders) paid a staggering $2.4 billion to settle an investor lawsuit which claimed that BOA lied about Merrill Lynch’s dire financial...
View ArticleCalling the Ghost of Eliot Spitzer
Why has it taken regulators years to bring an action against JP Morgan and the other banks whose mortgage-backed securities machine blew a hole in our economy we’re still trying to patch? Since the...
View ArticleThe JP Morgan London Whale: Now It’s Criminal?
Just six months ago they were riding high. Indeed, they were Masters of the Universe, dominating an obscure credit derivatives market. The JPMorgan execs were making money for the firm hand over fist...
View ArticlePlaintiffs Appeal Proshares Court Victory
The ProShares lawsuit victory in defending the risk and operating disclosures of its inverse and leveraged exchange-traded funds (ETFs) may be short-lived as an appeal is in progress. The lawsuit was...
View ArticleThe JOBS Act: A License To Steal?
The JOBS Act passed this past year was touted as legislation that would promote jobs by lowering the bar and investor disclosure standards for new companies with less than $1 billion dollars in assets...
View ArticleBuckle Your Seatbelts, Here Comes the Fiscal Cliff!
Very few investors saw the 2000 Tech Bubble crash or the 2008 Financial Crisis coming. While anyone and everyone is closely watching the looming “fiscal cliff”, that doesn’t mean Average Joe investors...
View ArticleSEC V. SAC: The SEC’S Acid Test
After decades of whispers that Stevie Cohen and SAC Capital were engaging in insider trading, the Securities and Exchange Commission has now sent a Wells notice advising the firm that the SEC is...
View ArticleIn Defense Of Class Actions
In the movie “A Civil Action” John Travolta played a scrappy lawyer who risks his whole practice to bring a class action case against a chemical company that polluted the water and poisoned residents...
View Article2013: Investors Should Expect More Pain From Wall Street, Not Less
The broad market is managing to post gains in 2012, with the S&P 500 Stock Index up more than 12% and the Barclays Capital US Aggregate Bond Index up more than 4% as of December 27. These results...
View ArticleFalling Apple's Price Causes Collateral Damage
As the price of Apple has declined from over $700 per share to below $500 per share, it’s not just Apple shareholders who are feeling blue.[More...]
View ArticleWall Street's Used Car Lot
A former Jefferies & Co. mortgage bond trader was accused of cheating customers by using unscrupulous sales practices which the Securities and Exchange Commission called “unfit for a used car lot,”...
View ArticleThe Chickens Come Home To Roost For Standard & Poor's
The U.S. Justice Department announced plans to file civil fraud charges against Standard & Poor’s (S&P) relating to the atrocious ratings that Standard & Poor’s gave to toxic subprime...
View ArticleRBS Whacks The Libor Scoundrels
What in the world is going on here? The Royal Bank of Scotland (”RBS”) actually made the scoundrels who engaged in Libor shenanigans pay for what they did!RBS, the latest bank embroiled in the Libor...
View ArticleTraders Say The Darnedest Things
During the stock research scandal of 2000, the world was amazed that Merrill Lynch superstar stock analyst Henry Blodget would actually put in writing that he considered the stocks that he was touting...
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