Industry News

Should clients invest in Facebook?

Facebook is updating its status to “public company” after its stock jumped during its debut on the Nasdaq Stock Market this morning. The stock opened at $42.05 and later settled at $39. The stock is currently sitting below $40 per share. For those looking to stay updated on Facebook’s worth, check out http://facebookworth.com/. The site […]

May 18, 2012

2 min read

Trading platform fraudster sent to prison

William Graulich IV, supposed managing partner of iVest International Holdings, was charged in a 2010 federal criminal complaint for committing a multimillion-dollar investment fraud using interstate wires. Graulich and his partners offered investors access to an invitation-only investment platform, waiving what he claimed was a minimum $100-million investment fee. Read: Top five investment scams The […]

May 18, 2012

1 min read

Bank reps seen as “pushy”, sales focused

Interaction between clients and bank staff continues to be largely product-driven, rather than focused on assessing client needs, according to the latest survey by Dalbar.

By Staff |May 18, 2012

2 min read

Former NAPFA chairman charged with securities fraud

Mark Spangler, former national chairman of the National Association of Personal Financial Advisors (NAPFA), once pushed financial professionals to act in the best interests of their clients. Now, however, he’s accused of securities fraud; he allegedly diverted $47 million of his clients’ funds into private ventures, and an FBI agent claims he made false statements […]

By Staff |May 18, 2012

3 min read