The News Review:
- Investing Scams: 10 Tell-All Questions
- Madoff Sued for Fraud by Three New York Investors
- That Was Hardly Careful Investing
- FINRA and FINRA Foundation Protect Seniors from Investment Fraud …
- ISS ffers Recommendations for Investment Grade Municipal Income …
- Investment wisdom from the good old bad old days Jay Hancock
Investing Scams: 10 Tell-All Questions
Motley Fool
Does it promise “low risk and high gain?”Click your heels three times and repeat to yourself “There is no such thing as a free lunch. ” It’s a fundamental fact of investing that the higher the potential return the greater the risk that you may never see that return. Will it be “too late” if you don’t act now?Why will it be too late? Any legitimate investment will be there tomorrow and next week and next year.
Madoff Sued for Fraud by Three New York Investors
Bloomberg
They didn?tgive details about how the money is allegedly being distributedafter a federal judge froze Madoff?s assets earlier this month. The complaint was filed by Anthony Maria and ToniSciremammano all residents of Massapequa Park New York. Thetrio started investing with Madoff in 1995 and had a total ofabout $2 million invested as of September they said. Madoff?s firm New York-based Bernard L. Madoff InvestmentSecurities LLC began liquidating after his Dec. 11 arrest forsecurities fraud. Madoff under house arrest in his Manhattanapartment faces as much as 10 years in prison and a $5 millionfine if convicted.
That Was Hardly Careful Investing
Wall Street Journal
23) on the global reach of the financial crisis through the purchase of synthetic credit default swaps: fficials in the town of Parkes Australia state that they “were careful” in their investments and quotes one official saying that the town “invested in something in good faith and now it turns around and bites us. There’s nothing careful about putting a significant portion of a portfolio into complex financial instruments exposed to a single type of risk. If for no other reason than a failure to diversify Parkes’s investment decisions were deeply flawed. What was the financial expertise of the decision makers? What financial journals did they regularly read? What level of due diligence on the investments in question did they perform? And will those public officials who gambled public resources and lost take responsibility by resigning their office?It appears from your story that Parkes officials did little or no due diligence did not understand the risks they faced and knew nothing of the financial markets in which they were investing. If those officials had lost their citizens’ money after taking it to a casino and betting it on a card sharp’s claimed system for playing blackjack you would not have portrayed them so sympathetically. Morriss Professor of Law and Business University of Illinois Champaign Ill.
FINRA and FINRA Foundation Protect Seniors from Investment Fraud …
Business Wire (press release) CA
military service personnel. The FINRA Foundation launched a campaign last April in Florida and Washington State to help seniors identify and resist persuasion tactics common to many types of fraud. The centerpiece of the Foundation’s campaign to protect seniors is a 90-minute intensive workshop “utsmarting Investment Fraud. ” Follow-up surveys indicated that for those who attended the workshop responsiveness to fraud appeals was reduced by over 50 percent. The Foundation which partnered with AARP the Florida ffice of Financial Regulation and the Washington Department of Financial Institutions to present the “utsmarting Investment Fraud” program to seniors will expand its fraud-fighting campaign to three additional states in 2009. “Fraudsters are taking advantage of the current economic turmoil to ensnare new victims. And we are working to provide the investing public with the tools and resources they need to protect themselves and their families” said John Gannon President of the FINRA Foundation and FINRA’s Senior Vice President for Investor Education.
Related from Spamblockermonster: New CYBERsitter Features Help Protect Seniors from Online Dangers
ISS ffers Recommendations for Investment Grade Municipal Income …
WELT NLINE Germany
justify maintaining thecurrent Board. Further with respect to the dissidents’ proposal to replace UBS GlobalAM as the Fund’s investment adviser ISS also cited the Fund’soutperformance as well as “the uncertainties associated with terminatingUBS Global AM” and concluded by recommending that shareholders “voteAGAINST the dissidents’ proposals to terminate the advisory agreementwith UBS Global AM. In connection with the annual meeting the Fund has filed a proxystatement and additional soliciting materials with the Securities andExchange Commission (the “SEC”). Investors and security holders arestrongly advised to read these materials because they contain importantinformation about the annual meeting. Free copies of these materials areavailable on the SEC’s website at.
Investment wisdom from the good old bad old days Jay Hancock
Baltimore Sun United States
Roosevelt administration. At least two investment houses are distributing free copies to clients. “The biggest event in the world of investment publishing this year” the Financial Times predicted of the book’s recent re-release. “A time-tested classic” said. -rowe-price-RCRP017343.