A key role of the Securities and Exchange Commission (SEC) is to protect the public not only from fraudulent investments but also from misunderstanding the risk associated with otherwise legal ones. The Securities Act of 1933 promulgated the initial rules that publicly traded securities were required to follow in order to help ensure their investment…
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After a big market downturn, when things have settled down and volatility has moderated to something resembling normal, you may find yourself holding numerous investments whose current values are well below the amounts you had originally paid for them. Your inclination might be to hold on to them until their values come back to at…
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Probably everyone these days knows who Bernie Madoff is. He “made off” (pun intended) with about $50 billion by scamming at least 5,000 people. Unfortunately there are many other unscrupulous financial professionals who, because their chicanery is on a much smaller scale, tend to fly under the regulatory scrutiny radar. And when their fraudulent activity…
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The Black Lives Matter (BLM) movement has adopted a slogan that I believe will not serve them well. I’m referring to the “Defund the Police” catchphrase. Whenever it is brought up in some social media forum, it’s not uncommon for a proponent to feel obligated to explain to the group that it doesn’t really mean…
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COVID-19 has been devastating to Americans’ health. But it also appears to have improved their views on wealth. The Charles Schwab Corporation surveyed 1,000 Americans aged 21 to 75 to discover their perspectives on saving, spending, investing, and wealth. The survey was conducted in January (before the outbreak) and again in June. One of the…
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What we have learned about this virus so far is that it is highly transmissible and that there is an extremely wide range of symptoms. Some who contract it experience no symptoms at all, while others die from it. Hospitalizations can last for weeks or even months. Although the media focus has been on deaths,…
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