wheelchair

Disability Law for Land Use & Zoning Decisionmakers

May 14, 2018

Legislators and others making zoning and land use decisions should ensure that their decisions comply with applicable disability law. While local government officials often have read zoning ordinances, they rarely have read applicable disability laws or even read about them. Given that an estimated 20-30 percent of families have a member with a disability, that is no longer acceptable.

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SEC seal

Regulation Best Interest is really Regulation Status Quo

April 24, 2018

Regulation Best Interest ? Under the SEC’s proposed Regulation Best Interest, the SEC says a broker-dealer would be required to act in the best interests of a retail customer when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer. This is the SEC’s plan to displace the Department of Labor’s uniform fiduciary standard for retirement accounts which was adopted after YEARS of analysis.

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Bernie Madoff

Madoff ponzi scheme victims to recover more

April 12, 2018

$504 million more to victims of Madoff ponzi scheme. Madoff ponzi scheme victims are to receive another $504 million from assets that government seized after the collapse of one of the largest frauds in history. Payments to victims could reach $4 billion. Much of these funds were recovered from Madoff’s family and friends, Madoff’s bank J.P. Morgan Chase, and from wealthy investors who had cashed out billions of what turned out to be fictitious profits.

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Martin Shkreli

Martin Shkreli investor to recover losses

April 11, 2018

Shkreli investor to recover losses. A NJ federal court ordered convicted fraudster Martin Shkreli to pay one defrauded hedge fund investor about $388,000 in restitution. 

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Nun with ruler

Wells Fargo shamed by Nuns

April 6, 2018

Wells Fargo shamed by Nuns. Wells Fargo has been taken to task for failing to publicly report on the root causes that led to a rash of ethical lapses in recent years by an investor group led by the Interfaith Center on Corporate Responsibility and including about 20 religious organizations as well as state officials from Rhode Island and Connecticut.

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Knight in armor on horse

State unfair deceptive trade practices – what you should know

April 5, 2018

The National Consumer Law Center has issued its report on the unfair deceptive trade practices laws in the 50 states and the District of Columbia. The report highlights the strengths and weaknesses of the Unfair and Deceptive Acts and Practices (UDAP) laws that prohibit deceptive and unfair practices in consumer transactions, such as sales of cars and other goods, loans, home improvements, and mortgage transactions.

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Cover of US Senate Committee on Aging Report Top Ten Elder Scams

Elder financial abuse is one of top 10 elder scams

March 21, 2018

Top 10 Elder Scams The US Senate Committee on Aging released its report of the top 10 elder scams reported by callers to the Committee’s hotline number. While this is not a scientific methodology, it does give us an idea of some of the scams that folks are reporting. Elder financial abuse makes the list. This is useful information for anyone with a phone, email address, bank account, brokerage account, credit card, … basically anyone.

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coin pyramid

FTC shuts down bitcoin chain referral scheme

March 17, 2018

FTC shuts down bitcoin chain referral scheme The FTC shut down a fraudulent scheme that promised big profits to those who sent bitcoin and got others to send bitcoin. This is called a chain referral scheme — basically a pyramid scheme. Here is the FTC’s recent warning. The prospect of big profits is just an illusion.  “Ever get a chain letter in the mail or online? Then you know the drill — you send money to a person at the top of the list, then take their name off and add yours to the bottom before sending the letter to more people. If the letters keep going, you’re supposed to make money as your name moves up the list. In fact, most people are guaranteed to lose money. “Chain letters have been around for decades. Today’s twist: online chain referral scheme s involving cryptocurrencies like bitcoin and Litecoin.

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storm clouds

Financial Advisors, get prepared for impending upheaval

March 13, 2018

Don’t wait for the storm to build a boat Often there are signs in advance that a brokerage firm is thinking about making some big changes. As Cathy Nichols points out in the piece below, financial advisors at firms showing signs of impending upheaval can take the time to evaluate whether they want to stay. Rumors give you the opportunity to get a head start.

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bitcoin

John Oliver on bitcoin

March 12, 2018

Who does it better? The good, the bad, the goofy. Bitcoin and blockchain technology may turn out to be transformational — just like technology behind online shopping. We can now buy books, toilet paper, and cough drops on Amazon.com. But, those investors in Pets.com and countless other dot com flame-outs lost a ton of money. As long as folks keep pouring money into things like PonziCoin, DogeCoin, and DeepOnion, a lot of folks are going to lose a lot of money.

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