Marvel Comics Creator Needs Superhero to Combat Elder Abuse

Marvel Comics Creator Needs Superhero to Combat Elder Abuse

The federal government has kicked into high gear regarding elder financial abuse. But the best way to prevent it from happening remains to take precautions on your own behalf or on behalf of your parents and grandparents.

Broker Best Interest Regulations Fall Short

Broker Best Interest Regulations Fall Short

In order to reform the system, investor advocacy groups have suggested the SEC enhance the standard to which brokerages and brokers are held with regard to investor best interests. Currently the standard is based on the necessity of matching investor and investment through a concept known as "suitability." Investor advocates like PIABA, however, want to raise the bar to the "best interest” standard.

High Costs, No Benefits, Potentially Dangerous: IVC Filters Under Fire

High Costs, No Benefits, Potentially Dangerous: IVC Filters Under Fire

A new study indicates what many within the healthcare industry have increasingly come to suspect about IVC (Inferior Vena Cava) filters: the device is not associated with a reduction in patient mortality. At the same time, the implantation of the filters during catheter-based lytic therapy procedures has significantly increased treatment costs. It seems patients and their insurance providers are paying a lot of money for very little in the way of results.

Ex-Eagles Player Embroiled in $10 Million Ponzi Scheme

Ex-Eagles Player Embroiled in $10 Million Ponzi Scheme

A judge in Virginia federal court ordered a former broker and his alleged accomplice, former Philadelphia Eagles linebacker Merrill Robertson Jr., to forfeit $8 million. The money was allegedly generated by Robertson and Sherman Vaughn Jr. through the operation of a Ponzi scheme which lasted from 2009 to 2016.

Philly District Attorney Launches Unit to Go After Elder Financial Abusers

Philly District Attorney Launches Unit to Go After Elder Financial Abusers

Philadelphia is getting serious about its elder financial abuse problem. As we noted in a recent blog post, the Philadelphia Office of the Securities and Exchange Commission announced that it would be hosting public awareness talks and meetings to combat the growing problem of elder financial abuse. That announcement was followed by the District Attorney for Philadelphia Larry Krasner's statement that he would be creating a special task unit targeting perpetrators of financial fraud against senior citizens.

Stryker Adds More Products to Hip Implant System Recall List

Stryker Adds More Products to Hip Implant System Recall List

Following its warning two years ago, Stryker recently updated the public about the LFIT Anatomic CoCr V40TM product line, and the news is not good. Stryker again warned orthopedic surgeons implanting the femoral heads that the risk continues to be "higher than expected" and in addition the company added eight more catalog numbers to its official recall list.

Philly Fed Urges Seniors to Use Trusted Contact Program to Protect Wealth

Philly Fed Urges Seniors to Use Trusted Contact Program to Protect Wealth

In a recent pronouncement, the Federal Reserve Bank of Philadelphia has suggested that anyone - but especially Philly seniors - provide their bankers or brokers with trusted contact information in the hope of cutting down on elder financial abuse.

Is the Broker "Best-Interest" Rule in Your Best Interest?

Is the Broker "Best-Interest" Rule in Your Best Interest?

Investment advisors and financial advisors are held to different standards of accountability when it comes to the investments they make on behalf of clients. Investment advisors have long been held to what is called the "fiduciary standard." Find out what the difference means for you and your money.

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.