brokerage

  • If you don't want your money to be swindled out from under you, don't invest it in a brokerage account, says Larry Kotlikoff. Photo by  shironosov/iStock/360 via Getty Images.
    June 20, 2014   BY Laurence Kotlikoff 

    Every day brings new reports of financial fraud — BNP Paribas, Credit Suisse, JP Morgan — all of which is testimony to the large number of swindlers still at large “managing” our money, says Larry Kotlikoff. But he’s here today to warn against one particularly risky investment option, a brokerage firm, whose protection against fraud will leave you holding the bag. Continue reading

  • June 16, 2008  

    Lehman Brothers chief Richard Fuld took responsibility Monday for a staggering $3 billion in losses in the second quarter, saying the company was too slow to react to the unfolding credit and mortgage crisis. Roben Farzad of BusinessWeek magazine outlines how the news may affect Wall Street and Main Street. Continue reading