Broker Fraud Investment Securities Website Launched

Moneyfiles.org is anew a investment fraud news website that helps investors read about broker and investment investigations.

West Palm Beach, United States – March 11, 2019 /PressCable/ —

Each year, an estimated 50 percent of people are victims of fraud, according to a study from the Stanford Center on Longevity and the FINRA Investor Education Foundation. While that includes all sorts of scams and schemes, 16.5 percent of people surveyed for the research reported to be a victim of broker fraud and investment fraud.

Commonly called FINRA, it s the Self-regulatory organization for approximately 630,000 brokers a few of whom are also registered with the Securities and Exchange Commission as investment advisor and the companies that use them.

Investors have a new tool. A new website called MoneyFiles.org is committed to providing the public news on brokers, financial advisors and investments that are being investigated by FINRA and the SEC.

How well do people advisor or agent? In December alone, brokerage firms agreed (without admitting or denying guilt) to an aggregate $2.4 million in fines and more than half of the sum arose from inadequate supervision of brokers who caused investor harm, according to the newest rundown of enforcement activities from the Financial Industry Regulatory Authority.

Yet individual cases of alleged wrongdoing do not always involve substantial dollar numbers, and lots of the accusations, investigations and settled cases garner little attention.

In addition to financial companies getting sanctioned for an absence of effective oversight, brokers themselves can also be fined, suspended from working with brokerages for a certain length of time or banned entirely.

Victims of fraud, according to a study by the Stanford Center on Longevity and the FINRA Investor Education Foundation. While that includes a variety of scams and schemes, 16.5 percent of individuals surveyed for the study reported to be a victim of fraud.

In today s information age, investors should have information on brokers and investment. MoneyFiles.org is committed to independent reporting of investigations.

https://moneyfiles.org/

Contact Info:
Name: Andrew Merrit
Organization: MoneyFiles.org
Address: 401 South Olive Avenue, West Palm Beach, FL 33401, United States
Website: https://moneyfiles.org/

Source: PressCable

Release ID: 488341