December 2025If you get ripped off as an investor — if you get scammed, misled, or trapped by a financial con artist — here’s the hard truth: you are left to the sharks. No cavalry is coming. No regulator is riding in at the last second to save you. That realization hit me again this […]
December 2025Absolutely disgusting. That’s the only way to describe what I’m watching unfold right now.I won’t even attempt to cover the full wave of pardons being issued — that alone would take pages. But I want to focus on one that crosses a line so clearly that it should disturb anyone with a conscience, regardless […]
Rather than do what I usually do during my Fraud Files columns, where as I grab a stack of stories from around the country and report on various instances of malfeasance. Instead, I decided that this time I am going to do more of what one might call a think piece. Every day, I print […]
Edward Jones, the brokerage that likes to market itself as your “hometown, folksy, everyone knows your name” firm is joining the ranks of the other big brokerage firms in segregating their smaller “less worthy” clients and sending them off to some sort of call-center hell. Edward D. Jones & Co is acknowledging that some of […]
It is not a matter of if. It is a matter of when. Fire up the Flux Capacitor and the DeLorean, we are going on a trip. Warning this trip might be very uncomfortable for many. It could bring back memories of strife, anxiety and possibly remind us of some really regretful choices we had […]
Not long ago when the supposed end of the world was upon us and assets were blowing up all over the place, Deutsche Bank saw a way out…lie. Deutsche bank had a portfolio of derivatives that were dropping like a brick that would have, if they played by the rules, resulted in the bank’s insolvency. […]
Comrade Jones An advisor from Edward Jones admitted to AdvisorHUB that the firm was much like the Soviet Union in that they are in the business of pushing products and policies that benefit the General Partners first. “In reference to Jones being like the USSR. There is nothing going on at that firm that is […]
The column archives on my website is divided into four categories, the largest of which is Wall Street Fraud. I have written extensively about the nefarious conduct that is perpetrated all too often at the expense of the American investor. Our goal is ultimately to educate and warn people of whom they are dealing with […]
JANUARY 2014 Someone decided to do a special screening of the latest Martin Scorsese film the Wolf of Wall Streetdown in my old neighborhood behind the Goldman Sachs building in downtown New York City. The crowd attending the film was described as a “finance-heavy audience” with brokers, traders and investment bankers filling the seats. […]
I always get a kick out of the bull-excrement mission statements from the big investment firms… Our integrity and reputation depend on our ability to do the right thing, even when it’s not the easy thing. J.P. Morgan Chase No financial incentive or opportunity regardless of the bottom line justifies a departure from our values. […]