Reports of online takeovers of customer’s broker-dealer accounts are growing in number, while some broker-dealers are lagging in their cybersecurity procedures. FINRA just published Regulatory Notice 21-18, “FINRA Shares Practices Firms Use to Protect Customers From Online Account Takeover Attempts.” My firm was out ahead of this regulatory notice, representing clients in arbitrations where theContinue reading “DON’T LET YOUR BROKER-DEALER LEAVE YOU HOLDING THE BAG FOR LOSSES FROM AN ONLINE TAKEOVER OF YOUR ACCOUNT!”
Tag Archives: securities law
Saying NO to YES
For those who are not already familiar, UBS Financial Services, Credit Suisse, Merrill Lynch, and Morgan Stanley, have offered investors the opportunity to engage in an investment strategy known as YES. YES stands for “Yield Enhancement Strategy.” These firms have marketed Yield Enhancement Strategies as a safe alternative to traditional investing strategies to enhance investors’ yield,Continue reading “Saying NO to YES”