When Does a Text Become a Binding Contract in Real Estate

Jun 2, 2017 / Blog Posts , Tags: ,

Watch out, that text you just sent may have created an enforceable contract. As the use of electronic communication has become more pervasive in society, warnings regarding its various forms: text messages, email, Facebook posts, Facebook messages, and even Snapchat messages, have likewise become pretty commonplace. Keep in mind, these warnings need to go far beyond warning your children of social media’s ill effects. Your use of social media and […]

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Bond Abuses Continue

Jun 1, 2017 / Blog Posts

The trend of brokerage firms abusing investor trust with respect to bonds continues with this month’s FINRA Disciplinary Actions (May 2017). This latest summary of disciplinary actions states that FMSbonds, Inc. (CRD #7793, Boca Raton, Florida) was censured and fined for its actions related to municipal bonds. We note this because just last month we wrote a detailed blog post about abuses in the bond world. The current political environment may […]

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Our Concerns Regarding the Sale of Insurance as an Investment

May 24, 2017 / Resources , Tags: ,

We believe a recent case before the National Adjudicatory Council (NAC) is a good example of what concerns us about the sale of insurance as an investment or a surrogate for an investment. The case involves a North Carolina investment professional by the name of Cecil Ernest Nivens in Gastonia (Charlotte area), North Carolina.  Nivens was registered to sell securities through NY LIFE SECURITIES LLC (CRD#:5167) until 2014. Nivens regulatory […]

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How to Protect Yourself From Ponzi Schemes

May 19, 2017 / Ponzi Schemes

A Ponzi scheme is an investment scam meant to attract large investments with the promise of even larger returns, but the one running the scheme essentially takes the money and runs. It is very important for prospective investors to recognize the signs of a Ponzi scam before agreeing to invest because once invested, the money can be difficult to recover. The Inventor of the Ponzi Scheme The term “Ponzi scam” […]

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