FINRA Arbitration

Should Fiduciary Advisers Swear Off Mandatory Arbitration?


The vibe is celebratory. There are coffee, doughnuts and croissants on the side table, smiles all around the conference room. On behalf of your team, which could be inside a brokerage firm or a registered investment adviser, you push paperwork across the table to open an advisory account. Smiling, your soon-to-be client pulls out a pen and scans one of the forms. But he hesitates, and his brow furrows…

Investment Adviser Fiduciary Responsibility

An Inconvenient Observation About Fiduciaries


An obligation to put clients’ interests first doesn’t guarantee that financial advisers will do the right thing

Years ago, my team left a large brokerage firm for the greener pastures of a fee-only registered investment adviser. While soliciting a client to follow, I explained that RIAs are fiduciaries, obligated to put the interests of their clients first.

A Scam Story for Thanksgiving 10


Two days ago I was driving up Amsterdam Avenue in NYC, en route to pick up my daughter at Columbia University before returning to Rhode Island for Thanksgiving, talking hands free on my cell. That’s when my world unraveled. I’m working on a non-fiction book with tips for avoiding financial frauds and know that all con artists share the same […]

"Glittery thrillers about fiscal malfeasance... his own improbably sexy genre."
~ Janet Maslin, The New York Times