FINRA arbitration is generally mandatory for investors with losses in individual investment, IRA, pension, trust or institutional prime brokerage accounts. Claims for breach of fiduciary duty, suitability, failure to supervise are frequent. Chris McConnell, AIFA® Fiduciary Expert brings over 30 years over securities experience including hands-on experience, knowledge, securities, life and annuity licensing and fiduciary […]
Philanthropist and socialite Brooke Astor, 105, passed away in 2007. Her now 89 year old son (but not Vincent Astor’s son) Anthony Marshall , the court found used undue influence to gain access to and loot her $200 million estate. Underscoring the importance of independent, third party verification of trust assets, withdrawals and transactions especially […]
The picture is a diagram of the US Shadow Banking System produced by the New York Fed in 2009/10. It is important to note, a handful of the largest, most sophisticated American banks, largely in the Federal Reserve district east of the Hudson created and inflated the Shadow Banking system. Layers two and three contained […]