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Arbitration for Aggrieved Investors Is Fast -- But Is It Fair?

Arbitration for Aggrieved Investors Is Fast -- But Is It Fair?

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.

Elder Abuse Rises as US Population Ages

Elder Abuse Rises as US Population Ages

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.

Elder Abuse Awareness Day

Elder Abuse Awareness Day

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.

Catholic Church Spent $300 Million Last Year on Sexual Abuse Crisis

Catholic Church Spent $300 Million Last Year on Sexual Abuse Crisis

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.

SEC's New Best Interest to Protect Investors from Bad Brokers

SEC's New Best Interest to Protect Investors from Bad Brokers

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?

SEC Philadelphia Office Opens Program to Help Senior Investors Avoid Scams

SEC Philadelphia Office Opens Program to Help Senior Investors Avoid Scams

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.

PA House Approves New Child Sexual Abuse Reporting Rules

PA House Approves New Child Sexual Abuse Reporting Rules

This week, the Pennsylvania House of Representatives moved to toughen penalties for people who do not report instances or suspicions of repeated child abuse. The bill also stipulated that nondisclosure agreements do not apply to reporting child molestation to the police for investigation.

PA Legislature May Pass Child Sexual Abuse Reform Bills

PA Legislature May Pass Child Sexual Abuse Reform Bills

Two related bills are up for consideration in Harrisburg, both of which may pass in the House in upcoming days. This week, the House Judiciary Committee voted overwhelmingly for a bill that would remove the statue of limitations for child sexual abuse crimes and for a constitutional amendment that would permit child sexual-abuse lawsuits that would otherwise be outdated during a two-year period.

Pennsylvania Legislators Tangle Over Sex Abuse Law Reform

Pennsylvania Legislators Tangle Over Sex Abuse Law Reform

The bill that would open the window for claims passed the Pennsylvania House of Representatives last month and now awaits Senate review. There are only a few days left in this term for voting on the bill in Harrisburg, so Representative Rozzi of Berks County, who was raped by a priest, and his supporters have ramped up the pressure in Bucks County.

Possible Sex Abuse Cover-up at Pennsylvania University

Possible Sex Abuse Cover-up at Pennsylvania University

Pennsylvania may not be done with massive sex abuse cover-up scandals. According to recent reports by the Associated Press and other media outlets, a Pennsylvania state agency has refused to release a report of sexual abuse by a high-ranking state university administrator.

Defective Hip Implant Crisis Goes International

Defective Hip Implant Crisis Goes International

While lawsuits by Americans continue to be filed and resolved over hip implant systems made by Johnson & Johnson and other huge corporations, in countries like the UK and India, where the implant systems are quite common, it has been much harder to obtain justice and compensation for victims.

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.

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.

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.

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.

Elder Financial Health Impacts US Economy, says Philly Fed Chief

Elder Financial Health Impacts US Economy, says Philly Fed Chief

As the baby boomer generation ages, the financial exploitation of older Americans becomes more and more of a problem. It not only affects individual wealth and security, but it has a ripple effect that extends outward to families, society and the national economy.