The arbitration clause can be found in virtually all the account opening documents used by registered broker-dealers. Maybe your financial advisor or stock broker pointed it out to you — maybe not. Chances are extremely good, however, that you signed this clause and are now bound to resolve any disputes through arbitration.
According to the National Financial Capability Study, the majority of Americans — and especially millennials, minorities, and single women — have lost confidence and a feeling of stability when it comes to their personal finances. Remarkably, these feelings have arisen in spite of the fact that the economy has been steadily improving over the same period of time.
After experiencing a shoulder injury from a vaccine, individuals can be left with feelings of confusion, frustration, and helplessness. Many individuals decide to take no legal recourse because they do not want to sue their pharmacist or family doctor that administered the vaccine. Others do not want to go through a legal process altogether for fear of the court system. Others simply do not know where to turn after experiencing a shoulder injury related to a vaccine.
As a vast sector of the US population reaches old age and the systems in place to supervise its care remain inadequate, instances of elder abuse will continue to rise. This includes not only the physical and emotional abuse of the elderly in nursing homes and care facility, but also financial exploitation and abuse at the hands of family, friends, caregivers, and financial advisors.
Recent articles and reports about the Vaccine Injury Compensation Program have given anti-vax supports a new thread to pull on. Their belief is that, if vaccines do not cause harm, then why is there a governmental program designed to compensate vaccine injuries? In addition, if vaccine injuries are rare, how has the government paid out over $4 billion to vaccine injured victims?
On June 18, 2019, Pam Belluck and Reed Abelson from the New York Times published an article addressing the question of whether the existence of the National Vaccine Injury Compensation Program signaled that vaccines are unsafe. The authors begin their article by noting that over 6,600 claims have been compensated in the Vaccine Program since its inception, and the correlating payouts have totaled over $4 billion.
Elder abuse is everywhere, though; not just on the news. One of the reasons for the growing problem is that the largest and wealthiest generation in American history — the Baby Boomers — have retired and are aging. Meanwhile, their children and grandchildren may be struggling. This is a recipe for disaster and exploitation that regulators and legislators have been working diligently to solve before it gets any worse.
According to a report by the US Conference of Catholic Bishops, the Catholic Church in the United States spent a staggering more than $300 million on costs related to the clergy sexual abuse crisis. The report, which surveyed costs between June 2017 and June 2018, including nearly $200 million in legal settlements.
The Securities and Exchange Commission (SEC) adopted a rule to protect investors from bad brokers. The “Regulation Best Interest” (or BI) is the SEC’s answer to the Obama administration’s planned “fiduciary rule,” which the Trump administration killed. But will the Best Interest rule really be in the best interest of investors?
In an upcoming program directed at the general public, the SEC Philly office, in conjunction with the Financial Industry Regulatory Authority (FINRA), the Pennsylvania Department of Banking and Securities, and Temple University’s Institute on Protective Services, will share the latest on the products, strategies, and scams that most affect elderly investors.
Four United States Senators have sent a letter to the CEO of securities industry regulator FINRA asking the agency to bar stock brokers from client wills. Lead by Democratic Senator Catherine Cortez Masto, the Senators have sought to curb elder financial abuse by financial advisors who illegitimately appear in client wills. The move by the legislators came as a result of a Maryland broker receiving $500,000 from a client who was suffering from dementia and had been living in a nursing home.
Signed into law a year ago, the Senior Safe Act specifically addresses how financial professionals can do a better job in reporting suspected senior financial abuse and exploitation to the authorities. The fact sheet was circulated on the first anniversary of the passage of the Senior Safe Act in order to further promote awareness or resources and training among financial professionals, institutions, senior investors, and their families.
From 2013 to 2017, the vaccine program has paid out an average of $229 million a year to injured victims and their families, with the average payment approximating $430,000. As America enters the worst measles outbreak since the disease was declared eradicated two decades ago, it is worth examining this rarely talked about element of vaccination requirements. The Vaccine Injury Compensation Program has long percolated at the heart of misinformation and misunderstanding. It also raises questions about where large sums of tax money are flowing.
Measles outbreaks have occurred in 22 states and as a result, adults are wondering if they are immune to the measles virus, or whether they should get a measles booster vaccine. The alarming number of outbreaks, which the Centers for Disease Control and Prevention (CDC) has blamed as a deliberate misinformation campaign by anti-vaccine activists, has many Americans questioning they efficacy of the MMR vaccines they have previously received.
For decades, leaders of the Roman Catholic dioceses of New Jersey remained silent on allegations of abuse by clergy members. But this month, the truth will out. Five archdioceses in New Jersey have begun to divulge information related to abuses that stretch back nearly one hundred years. They are finally naming names.
Although May is late in the 2018-2019 flu season, flu activity in Delaware and across the U.S. remains elevated with an increase in the number of influenza A (H3N2) viruses circulating over the last month. H3N2 viruses are typically associated with more severe illness in older adults. While anyone experiencing flu-like symptoms should seek treatment quickly, it is especially important for individuals 65 years and older to do so due to the number of health complications that the influenza virus can cause.
Securities industry regulatory body, FINRA (the Financial Industry Regulatory Authority), released its proposal for a rule that would crack down on firms with a high concentration of “bad” brokers. With its latest regulatory notice, FINRA stated that it would increase oversight of brokerages with a “significant history of misconduct,” requiring them to set aside additional funds that cannot be withdrawn without FINRA’s consent.