Articles Posted in General Investment News

Financial Statements Required by Florida Law for Company Shareholders. Florida Statute 607.1620 labeled “financial statements for shareholders” sets forth the legal requirements that must be satisfied, by a Florida corporation, concerning its responsibility to provide financial statements to its shareholders. This disclosure requirement is significant for it provides stockholders with the necessary information to determine…

Active Brokerage Accounts. When should you be worried? The phrase “active” brokerage account carries varied visions with it in the mind of the account holder. What constitutes an active account to one investor, which is what he or she has asked for, may be an abusive use of control, by an account executive, of another.…

Adjustable Rate Preferred Stock: This post is designed to provide the reader with general information concerning what an adjustable rate preferred stock is. Please keep in mind that this information is being provided for informational purposes only and is not designed to be complete in all material respects. Thus, it should not be relied upon…

April, 2012: In our continued effort to educate the investing public about various aspects of the securities markets, we are providing the below information. Because this information is being provided for educational purposes only, it should not be relied upon as providing legal or investment advice. Moreover, it is not intended to be complete in…

Health Care Fraud or Health Insurance Fraud: As the population ages and through the use of fraudulent internet postings, telemarketing scams and door-to-door sales people canvasing senior communities, health care fraud and health insurance is on the rise. The purpose of this post is to provide a general description of both and to provide a…

Assessing Your Risk Tolerance! One of the first factors that needs to be considered when thinking about making any type of investment is risk. When it comes to investing, you need to remember that risk and reward go hand in hand. The phrase “no pain, no gain” – comes close to summing up the relationship…

The Florida Office of Insurance Regulation Recently Announced a Multi-Agency, Multi-Million Dollar Agreement with Prudential for Life Claims Settlements. Please make sure that you read the entire announcement to determine what you have to do to see whether or not this settlement will have an impact on you or someone that you know. February 02,…

This last post, in the series of ever changing FINRA enforcement horizon, contains a summary of enforcement actions that the average investor would apt to be exposed to. However, please keep in mind that this list is not exhaustive. Individuals are always trying to come up with new ways to separate an individual from their…

This is a continuation of the discussion concerning both the typical and unusual types of FINRA enforcement actions that regularly appear on the horizon. 1. Willful Failure to Disclose Material Information on a Form U4: FINRA’s NAC issued a decision in which it found that a registered representative willfully failed to disclose material information on…

Let’s see, if you can guess, how many different types of FINRA enforcements actions typically arise during a quarterly reporting period such as the fourth quarter of 2011. In reviewing the below described summaries, the reader will be amazed as to the stupidity underlying some actions, the negligence and/or fraud perpetrated against the investing public…