Blog Posts by Charles Field

401(k) Participants Can Be Prime Targets of Cross-Selling Efforts

Posted June 8th, 2020 by .

Categories: 401(k).

Participants in their company’s 401(k) plan have come to expect that their employer will protect their personal information from disclosure outside the plan. However, plan participants of Shell Oil’s 401(k) have filed a case in federal court in Galveston, Texas – Harmon v. Shell Oil Company – alleging Shell took no action to stop the […]

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Now is a Good Time to Judge Your Company’s Management of Its 401(k) Plan

Posted May 7th, 2020 by .

Categories: 401(k).

No doubt you have seen the news recently about the stock market gyrations caused by the uncertainties arising from Covid-19.  Because many Americans’ retirement savings are invested directly and indirectly in the stock market, now may be the time to evaluate how your 401(k) is holding up through this market volatility. Foremost, a fund that […]

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Kick-Backs Put Deutsche Bank in SEC’s Crosshairs

Posted April 30th, 2019 by .

Categories: Investment Fraud.

Deutsche Bank is in the news again, this time for false and misleading sales practices. At the heart of a complaint filed by the Securities and Exchange Commission (SEC) was a quid pro quo relationship in which Deutsche Bank offered only those funds whose sponsors agreed to kick-back a portion of their management fees to […]

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It’s Great You Have a 401(k) – But Who’s Minding the Store?

Posted August 6th, 2018 by .

Categories: 401(k).

In recent years, employees have been filing an increasing number of meritorious lawsuits against employers for 401(k) mismanagement.  These claims are in the tens of millions of dollars and range from disloyalty to imprudence to disregarding conflicts of interest.  Some of the more egregious claims come when employers populate 401(k) plans with their own expensive […]

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Pump and Dump Schemes: The Trojan Horse of Investments

Posted June 7th, 2018 by .

Categories: Investment Fraud.

In the realm of financial services, unknowing investors often fall victim to various securities fraud schemes, and one of the more common ones is the “pump and dump.” “Pump and dump” schemes are often associated with penny stock fraud and microcap fraud and are serious violations of the law. The “pump and dump” is a […]

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Investor Trap: Beware of the Churn and Burn

Posted May 22nd, 2018 by .

Categories: Investment Fraud.

Typically, stockbrokers earn commissions each time an investor enters a securities order to buy stock or a sell stock. Full-service stockbrokers earn higher commissions than online stockbrokers because unlike online stockbrokers, full-service stockbrokers provide investors with the added service of advising you when to buy, sell or hold particular investments. Because stockbrokers are paid on […]

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5th Circuit Kills DOL Fiduciary Duty Rule

Posted May 9th, 2018 by .

Categories: Investment Fraud.

The average person seeking financial advice for their retirement is unaware that the persons giving them advice are under no obligation to be loyal to their needs, to make prudent investment recommendations for them, or overall to act in their best interest. As a result, over the years many financial advisers motivated by their own […]

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SEC Proposes Regulation to Enhance Investor Protection

Posted April 19th, 2018 by .

Categories: Investment Fraud.

In an effort to enhance investor protections, the Securities and Exchange Commission (SEC) is proposing a new rule – Regulation Best Interest – that may come as a surprise to some investors. The SEC’s proposed rule requires your stockbroker to act in your best interest at the time he or she recommends an investment to […]

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Fraudulent Investment Schemes Continue to Plague Investors: Beware of the “Red Flags”

Posted April 9th, 2018 by .

Categories: Investment Fraud.

We want to share with you a disturbing tale we heard recently from an investor in a private investment fund. We share this to alert you to “red flags” that signal the high likelihood of investor fraud. If you can spot them, you can better protect yourself from financial predators. The enactment of the Dodd-Frank […]

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FINRA Acts to Protect Senior Investors

Posted February 28th, 2018 by .

Categories: Investment Fraud.

As the U.S. population ages, senior investors increasingly have become more vulnerable to securities fraud.  Too often, caregivers ingratiate themselves with vulnerable seniors, only to secure powers of attorney and then use their new powers to drain the senior’s investment account. The so-called trusted caregiver then vanishes never to be seen or heard from again. […]

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If you or someone you care about has been taken advantage of in a securities or other financial transaction, Sanford Heisler Sharp can help right that wrong.

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