Economic fraud: Wall Street's dark secrets

Author: Stone Man
Publisher:
Publish Date: 2004-10-01
Features: Throughout, consumers have been bombarded with overly positive information about investment issues. Indeed, among the over 650,000 licensed securities brokers, most are honest and dedicated. However, it only takes one to wipe out a lifetime's savings. Whether you believe it or not, there are brokerage firms and brokers who deliberately hide their misconduct, causing you to suffer losses. So, is your broker trustworthy, or are they outright malicious? How can you identify them? Only a small portion of investors realize they have been defrauded, and even fewer take legal action. In Brokerage Fraud—The Dark Side of Wall Street, securities fraud lawyer Tracy Pride Stone Man and securities fraud expert Douglas J. Schultz lift the veil on the brokerage industry, showing you how to protect your assets. In the book, you will learn:
- The most common tactics used in the brokerage industry to harm clients and how to identify them.
- How investment companies use professional tricks and manipulations to force investors to comply after harming their interests.
- The conflicts of interest that exist in both traditional brokerage firms and online brokerage firms.
- How to choose an honest broker or advisor to help you mitigate risks.
- How to evaluate your current broker or brokerage firm to determine if a change is needed.
- The steps to take if you suspect you have been defrauded by a broker or firm and want to recover your losses.
Financial professionals in financial services institutions often hide the dark side of brokerage firms, conceal the unfavorable aspects of investment products they recommend, and never mention how your account is managed or your responsibilities. Brokerage Fraud exposes the hidden truths that can enhance your insight and ensure you become a better, more experienced investor.