Invokana: Diabetes Drug May Cost an Arm or a Leg

Invokana: Diabetes Drug May Cost an Arm or a Leg

According to the Chairman of Cardiovascular Medicine at the Cleveland Clinic, approximately 1 out of every 69 of his patients taking canagliflozin for five years will end up with a drug-related amputation. These amputation commonly involve the toe, foot, or part of the leg, and are reportedly twice as likely to occur in patients taking Invokana for several years as opposed to other diabetic drugs.

The Broker Oath - But Will It Work?

The Broker Oath - But Will It Work?

Thanks to a recent decision by the Fifth Circuit, it appears that brokers will, once again, get off the hook when it comes putting their clients' interests in front of their own. Into the breach has stepped an idea that has been kicking around for a years now, but which may be the best of several uninspiring options to compel brokers to act more responsibly toward investors: The Oath.

IVC Filters May Be Ticking Time Bombs

IVC Filters May Be Ticking Time Bombs

A Texas jury recently awarded a plaintiff $1.2 million in damages for injuries suffered as a result of an faulty IVC filter implant system. Lawsuits against the manufacturers of unsafe filters continue to grow.

Stryker Issues Public Safety Warning for Hip Implant System

Stryker Issues Public Safety Warning for Hip Implant System

In yet another instance of manufacturing issues related to metal-on-metal hip implant technology, one of the world's largest implant makers, Stryker, issued a Product Safety notice to recipients of several of its products.

How Regulators - And YOU - Can Identify a "High-Risk" Broker

How Regulators - And YOU - Can Identify a "High-Risk" Broker

According to FINRA, while there is no airtight definition of a high-risk (yet), the regulatory body deploys a set of criteria to help identify these individuals and ratchet up the oversight on them. However you can use these criteria yourself to evaluate your own or a potential FA for excessively risky behavior.

Unpaid Awards Plague FINRA Arbitration Forum

Unpaid Awards Plague FINRA Arbitration Forum

Recently, FINRA created a task force to study the problem and discovered that, in the five years from 2012 through 2016, a total of 268 awards (27% of the cases where investors were successful) or $199 million in awards (29% of total damages awarded to investors) have gone unpaid, the report states.

Pennsylvania Stockbroker Charged in Ponzi Scheme

Pennsylvania Stockbroker Charged in Ponzi Scheme

No, it's not the Polka King of Pennsylvania but something far more prosaic. Last week, according to complaint released by the Securities and Exchange Commission (SEC), a former stockbroker based in Wayne, PA has been sentenced to more than 5 years in prison for operating a $2.35 million ponzi scheme that involved 30 investors.

Is Your Hip Replacement Poisoning You?

Is Your Hip Replacement Poisoning You?

Numerous lawsuit continued to be filed on behalf of patients who have suffered appalling injuries and medical conditions as a result of defective metal-on-metal hip implants. One of the most disturbing conditions that can arise from a faulty hip implant system is heavy metal poisoning.

FINRA Targets Rogue Brokers with History of Abuse

FINRA Targets Rogue Brokers with History of Abuse

The Financial Industry Regulatory Authority (FINRA) has released a serious of proposals aimed at implementing tougher supervisory protocols on brokers with a history of misconduct. Sponsoring brokerages would be forced to institute heightened supervisory measures on these brokers or be held responsible for any subsequent transgressions.

Ask Your Broker These Key Questions

Ask Your Broker These Key Questions

According to the Economic Policy Institute (EPI), undisclosed conflicts of interest between investors and advisors costs investors an estimated $17 billion per year. The EPI came to this estimate by calculating the amount of investment losses for people who bought retirement products on recommendation from advisors who were paid on commission; many of these products were either more expensive or risky than was absolutely necessary.

Trump Admin Reduces Fines on Negligent Nursing Homes

Trump Admin Reduces Fines on Negligent Nursing Homes

Even as reports continue to confirm that abuse and neglect in local nursing homes is a major issue facing our elderly, the Trump administration has elected to scale back fines against nursing homes that harm or jeopardize the well-being of residents.

Cordis IVC Filters Litigation Builds Steam

Cordis IVC Filters Litigation Builds Steam

Thousands of lawsuits have been filed against some of the largest manufacturers of IVC Filters, which are designed to trap blood clots passing through arteries and heading for the lungs. Now, litigation against one of the smaller manufacturers of these devices, Cordis Corporation, is picking up steam.

Philadelphia Nursing Homes: A Pattern of Neglect and Abuse

Philadelphia Nursing Homes: A Pattern of Neglect and Abuse

According to an unsettling new report from the Community Legal Services of Philadelphia, the Pennsylvania Department of Health continues to fail to adequately investigate complaints about nursing home abuse and neglect in facilities around the state.

Investment Fraud Pretends to Be Regulator Guaranteed

Investment Fraud Pretends to Be Regulator Guaranteed

Financial fraudster are getting more creative - and audacious, according to a recent Investor Alert from the FINRA (the Financial Industry Regulatory Authority). FINRA is in charge of keeping an eye on the US Securities Industry. Shockingly, scam artists have recently been using FINRA itself - or its name at least - to separate investors from their money.