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High-yield bonds or “junk” bonds are high-risk, potentially high-reward investments, which are generally not suitable for investors with conservative or moderate investment objectives. The principle risks associated with junk bonds are default risk and liquidity risk. Default risk is the risk that the company that issued the bonds will default…
The Securities and Exchange Commission has initiated legal proceedings against Marquis Properties, LLC (“Marquis”) and its principals Chad R. Deucher and Richard Clatfelter in relation to an alleged $28 million offering fraud and Ponzi scheme involving 250 investors. Marquis is a Utah-based company that holds itself out as an accomplished…
There has been a surge in the growth of securities-based lending in recent years. [1] Securities brokers and investment advisors have played a key role in that growth by aggressively marketing and offering securities-backed loans to their clients. In some cases, the broker or advisor may act as the lender. In most cases,…
The SEC and FINRA recently issued their 2016 exam priorities. Both regulators identified sales-practice violations relating to variable annuities as priorities. According to the SEC’s Office of Compliance Examinations and Inspections (OCEI), the 2016 exam priorities “reflect certain practices and products that [it] perceives to present potentially heightened risk to…