Report Fraud Category

You may be the victim of investment fraud, you may work for a less than ethical financial services company, or you may be an advisor who just took on a new client who has been abused by an advisor, company, or both. Please use the Report Abuse function on the top navigation of this website to report your experience or the experience of your client. You can use your real name or a pseudonym, that’s up to you. We prefer real names so we can interview you, then decide what name to use.

By: Daniel ChencloseAuthor: Daniel Chen Name: Daniel Chen
Member: Member Paladin
Quality Rating:
Email: dcstrategies@yahoo.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1893
About: Dan's specialty is delivered by his Wealth Management Practice with a core competency in Fianancial Planning. The ability to deliver services for a fee eliminates the potential conflicts of interest created by the commission only type of aproach. He maintaines his office in Ocean N.J. however serves a clientel base from coast to coast. Dan believes that the basis for a great life is planning for it. Dan offers a no obligation meeting to decide if his services are appropriate for your needs.See Authors Posts (10) | February 19, 2010 | Bad Financial Advice, Report Fraud

This type of action continues to show all of us that the responsibility of qualifying a competent and trusted Advisor to work with still resides with the individual. The investor needs to educate themselves on how to decide on what type of advisor to work with. Investors need to ask questions, review certifications, review investment [...]

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (87) | August 30, 2009 | Bad Products & Services, Report Fraud

Criminals masquerade as financial advisors to sell illegal investment products. They use personalities, sales skills, and the names of legitimate companies to convince you to buy what they are selling. You can protect yourself from their predatory sales tactics by demanding proof they are licensed to sell investment products or advice.
Step one is to obtain [...]

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (87) | June 5, 2009 | Bad Financial Advice, Financial Advisors, Report Fraud

A recent visitor to the Watchdog blog site reported a fraudulent way an investment advisory firm ripped her off for decades simply because she was too trusting.
Cathy and her former husband used the services of this firm for 25 years and she continued to use them for 12 years after her divorce. After all this time, Cathy decided to [...]

By: Matthew Arndt, CFA, CPA, CFP | May 19, 2009 | Illegal Schemes & Scams, Report Fraud, The Regulators, Who Can I Trust?

Currently, the SEC is proposing a rule that would require investment advisers to provide evidence to an independent accountant proving they actually possess their clients’ assets they say they have.  The rule aims to better protect the invested dollars of those who use investment advisers.
Regulators are concerned that it is too easy to cover up [...]

By: Matthew Arndt, CFA, CPA, CFP | May 11, 2009 | Bad Financial Advice, Financial Advisors, Illegal Schemes & Scams, Report Fraud, Who Can I Trust?

Summarized in a recent FA News (May 08, 2009) article, FINRA: Broker Deceived 64-Year-Old Nun, a financial adviser affiliated with a well-recognized financial institution swindled a 64-year-old nun, an elderly couple, and a retired widow out of huge sums of money. Besides being a truly despicable piece, it goes to show you that just because (or especially because) an adviser is affiliated with a household name, investors should not assume that he will be honest and act with ethical integrity.

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (87) | March 16, 2009 | Illegal Schemes & Scams, Report Fraud, Wall Street Ethics

Rep. Manzullo gets the chance to ask the same question that all taxpayers are asking as of yesterday when we heard of the AIG bonuses that were going to be paid to the ‘leadership’ teams that ran the company into the ground last year!!! Priceless! You almost feel sorry for the Bailout Czar, [...]