Fund Will Compensate New Jersey Victims of Clergy Abuse

Fund Will Compensate New Jersey Victims of Clergy Abuse

Victims of clergy abuse in New Jersey can look forward to the prospect of compensation for their suffering at the hands of Roman Catholic clergy thanks to the imminent opening of the state’s victims’ compensation fund.

New State AGs to Continue Clergy Abuse Investigation

New State AGs to Continue Clergy Abuse Investigation

The recent changeover in state attorney generals will not interrupt ongoing investigations into clergy abuse in Roman Catholic dioceses around the country. Offices in New York, Illinois, Michigan, Missouri, Florida, and Delaware which will be lead by new AGs have also reported some of the highest levels priest abuse. And at least 14 attorney generals around the country have confirmed that they are conducting investigations into clergy abuse in their states in the wake of Pennsylvania’s shocking grand jury report, which made international headlines this summer.

Regulator Rules and Tools for Every Retail Investor

Regulator Rules and Tools for Every Retail Investor

FINRA is far from a shadowy regulatory agency. They do their best to find themselves in the public eye, if only to keep investors informed on current regulations and scams. They also keep an exhaustive database of the professional records of all registered broker-dealers and financial advisors; the database is online and searchable. FINRA’s BrokerCheck is a mighty tool for investors seeking to learn more about their advisors; it’s one of many tools and rules that investors can use to protect themselves against fraud and malfeasance.

New Jersey Jesuits Release List of Alleged Sexual Abuse Offenders

New Jersey Jesuits Release List of Alleged Sexual Abuse Offenders

While Pennsylvania is still reeling from the findings of the grand jury report into priest sexual abuse throughout the state, Catholic dioceses in other states, including most recently New Jersey, have been conducting their own internal investigations. The latest story involves a list of ten priests who spent their careers in Jesuit schools of New Jersey who have been “credibly” accused of sexual abuse. The list was compiled and released by the USA Northeast Province Jesuits, an organization that represents the Roman Catholic order of priests in north Jersey and several other states.

Report Indicates PA Must Do More to Fight Elder Abuse

Report Indicates PA Must Do More to Fight Elder Abuse

A recent report by the Pennsylvania Office of the State Inspector General has delivered sharp criticism of how agencies at the county level handle thousands of complaints about elder abuse and how the state supervises investigations into these complaints. It is the state’s duty to ensure that such investigations are reasonable and thorough.

Is Your Broker to Blame for Excessive Losses in the Stock Market?

Is Your Broker to Blame for Excessive Losses in the Stock Market?

The last few months have been a difficult time for many investors. The stock market has taken a major dive, closing out 2018 with the worst performing December since The Great Depression. With so much volatility, it’s crucial that investors have a carefully planned portfolio with an adequate amount of diversification. Above all, that portfolio should match the individual investors risk tolerance and investment objectives. That match must be valid from the day it was made until today. A portfolio that worked for an individual investor in a bull market may be a terrible match for that same person in a bear market.

Investigative Report Castigates Medical Implant Industry

Investigative Report Castigates Medical Implant Industry

After an initial golden age of promise, the medical implant industry has suffered a sharp backlash in recent years. Numerous implant systems and technologies have either failed to perform as promised or done more harm than good — some have even killed people. As recipients of these faulty devices have gone to the press or to court, the reputation of the medical implant industry has been dragged through the mud and then some.

FINRA May Ban Non-Attorney Representatives in Securities Arbitration

FINRA May Ban Non-Attorney Representatives in Securities Arbitration

FINRA sent an official request to its governing body, the SEC, asking for a ban of non-attorney representatives, though the request does allow non-attorneys to represent investors pro bono, as well as for investors to represent themselves. FINRA is still awaiting the SEC’s final decision.

Zimmer M/L Taper Hip Implant with Kinectiv Subject of New Litigation

Zimmer M/L Taper Hip Implant with Kinectiv Subject of New Litigation

Recently, Zimmer’s M/L taper hip with Kinectiv and Versys head has been the subject of product liability and personal injury litigation. Like similar hip implant systems from Wright, Johnson & Johnson, and Stryker, the Zimmer system has allegedly caused metallosis in some patients. So far, more than twenty lawsuits have been filed against the manufacturer.

Ten Years After the Madoff Scandal: What We Can Take Away

Ten Years After the Madoff Scandal: What We Can Take Away

We may never forget Madoff’s crimes. Let’s hope we don’t. And yet, investors still fall prey to so-called “mini-Madoffs” every day all over the country. If you keep your eye on the financial press, particularly news from regulators such as the SEC or FINFRA, Ponzi schemes identical in nature and structure — if not scope — to Madoff’s bubble up and burst too often to keep track.

How to Sniff Out a Crooked Investment Scheme

How to Sniff Out a Crooked Investment Scheme

An investor gets introduced by mutual friends to a financial professional who almost immediately begins pitching the investor on an amazing opportunity. Because the investment professional seems like a good guy or gal, and because he or she was introduced by someone the investor already knows and trusts, the investor unconsciously transfers that sense of trust to the broker or hedge fund manager or mutual fund whiz. The investor’s guard is already down. What happens next?

Victims Sue for Church Records in Pennsylvania Sexual Abuse

Victims Sue for Church Records in Pennsylvania Sexual Abuse

The Catholic Church continues to deal with the fallout from this summer’s shocking grand jury investigation into allegations of rampant sexual abuse by clergy members in several dioceses throughout Pennsylvania. In the latest update, two survivors of alleged child sexual abuse have sued the Philadelphia Archdiocese in order to obtain records of misconduct by priests, along with their work histories.

Compensation Fund for Victims of Clergy Abuse Opens in Philadelphia

Compensation Fund for Victims of Clergy Abuse Opens in Philadelphia

The Philadelphia Diocese of the Catholic Church has announced that it has created a compensation fund for victims of clergy sexual abuse. The new reparations plan, announced yesterday, will be called the Independent Reconciliation and Reparations program, and will be run by a team responsible for a similar fund in New York.

How to Tell If A Potential Broker Is Good or Bad

How to Tell If A Potential Broker Is Good or Bad

One big reason brokerage firms severing ties with a particular broker is that investors tend to be loyal to brokers over brokerage firms. In defaming departing brokers, brokerage firms may be trying to pry departing customers away from their financial advisors in order to keep them for themselves.

Justice Depart Gets Involved in Pennsylvania Clergy Abuse

Justice Depart Gets Involved in Pennsylvania Clergy Abuse

The federal government has announced that it will be launched an investigation into the Roman Catholic dioceses in Pennsylvania involved in this summer’s shocking grand jury report into widespread abuse by clergyman over the past several decades.