“Investor fraud is increasing, as yield-hungry investors embrace exotic financial products and speculative bets.
“Since the crisis, we’ve seen more and more people reaching out into different types of exotic investments that are a big concern to us,” said William Galvin, the Massachusetts secretary of the commonwealth, according to The New York Times.
For instance, Massachusetts ordered LPL Financial, a large brokerage firm, to pay $2.5 million for improperly selling non-traded real estate investment trusts (REITs). …”
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