How Do ETFs Work? Exchange-traded funds (ETFs) are bundles of securities that allow investors to diversify their portfolios. Because ETFs feature a selection of securities, investors don’t have to worry about the success of a single security, thereby reducing the overall risk. ETFs function similarly to mutual funds, although ETFs typically generate fewer taxes and…

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Good financial advisors help investors steer their savings toward reliable investments. These securities may not offer spectacular rates of return, but they do offer what most investors want: A reliable way to generate more money without much interference or insider knowledge. You’ve probably heard the saying, “Scared money doesn’t make money.” A more pragmatic take…

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Bob D’Andria (CRD#: 1916172), a registered representative with International Assets Advisory, LLC (CRD#: 10645) in Spring Lake, New Jersey, has been suspended from the securities industry after recommending non-traditional exchange traded products (NT-ETPs) without having a sufficient understanding of these investment products, according to his BrokerCheck record accessed on January 24, 2020. On January 2,…

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Public records provided by the Financial Industry Regulatory Authority (FINRA) on June 28, 2016 indicate that FINRA has sanctioned broker-dealer Oppenheimer & Company $2.25 million, in addition to ordering restitution of more than $716,000, following allegations the firm sold leveraged, inverse, and inverse-leveraged exchange-traded funds to retail customers “without reasonable supervision, and for recommending non-traditional…

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According to the Financial Industry Regulatory Authority (FINRA), Alabama-based brokerage Sterne Agee Financial Services has signed a letter of Acceptance, Waiver, and Consent (AWC Letter) settling allegations of misconduct. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Sterne Agee Financial Services (CRD# 18456). Formed…

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On May 21, 2015, Broker Dealer Financial Services Corp. was fined $75,000 by the Financial Industry Regulatory Authority (FINRA) for selling unsuitable non-traditional Exchange Traded Funds (ETFs). According to the FINRA Letter of Acceptance, Waiver and Consent (AWC), between 2009 and 2012, Broker Dealer Financial Services Corp. failed to investigate non-traditional ETFs before allowing its…

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We are investigating complaints against Moloney Securities for the sale of leveraged ETFs. On April 15, 2014 the Financial Industry Regulatory Authority (FINRA) fined Maloney Securities $20,000 because of complaints related to its failure to establish and maintain a supervisory system regarding the sale of leveraged exchange traded funds (ETFs).

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