“LPL Financial fined $11.7 million for widespread supervisory failures” -Investment News “Citigroup Fined in Rate-Rigging Inquiry but Avoids Criminal Charges” -The New York Times “Merrill Lynch to Pay $415 Million for Misusing Customer Cash and Putting Customer Securities at Risk” -Securities Exchange Commission JPMorgan to Pay $307 Million for Steering Clients to Own Funds” - The New York Times FINRA Fines Morgan Stanley Smith Barney LLC $5,000,000 for Supervisory Failures Related to Sales of Shares in 83 Initial Public Offerings to Retail Customers” - FINRA “EX-JPMorgan Advisor charged in $20M Fraud” -USA Today
36
Embed
“Citigroup Fined in Rate-Rigging Inquiry but Avoids ... · Ibbotson® SBBI® Stocks, Bonds, Bills, and Inflation 1926–2013 Past performance is no guarantee of future results.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
“LPL Financial fined $11.7 million for widespread supervisory failures”
-Investment News
“Citigroup Fined in Rate-Rigging Inquiry but Avoids Criminal Charges”
-The New York Times
“Merrill Lynch to Pay $415 Million for Misusing Customer Cash and Putting Customer Securities at Risk”
-Securities Exchange Commission
JPMorgan to Pay $307 Million for Steering Clients to Own Funds”
- The New York Times
FINRA Fines Morgan Stanley Smith Barney LLC $5,000,000 for Supervisory Failures Related to Sales of Shares in 83 Initial Public Offerings to Retail Customers”
- FINRA
“EX-JPMorgan Advisor charged in $20M Fraud”
-USA Today
o Identify Potential Types of Abuseo No one is immune.
o Learn How to Protect Yourself
o Learn What to do if You Are a Victim• You have rights!
o Fewer Pension Plans:o Lump sum buyout.
o 10,000 Baby Boomers retire each day!
o Most retirees are not educated in proper investment management.
o Financial investments are becoming more complicated and in many cases, much riskier.
o Retirees must turn to financial professionals for guidance and management.
o This leaves retirees vulnerable to the abuses of unscrupulous or incompetent financial professionals.
o Misrepresentationo Misrepresenting the risk or reward of a security.
Past performance is no guarantee of future results. Hypothetical value of $1 invested at the beginning of 1926. Assumes reinvestment of income
and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. An investment cannot be made directly in
Past performance is no guarantee of future results. Hypothetical value of $1 invested at the beginning of 2004. Assumes reinvestment of income
and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. An investment cannot be made directly in