Category - SEC

Search Articles

Categories

Not a myth this time: Did you buy Woodbridge notes?

 About 2-3 years ago I was pitched a very secure-sounding real estate play by Woodbridge.  It quacked like a securities duck, though, so I checked with the Oregon Dept. of Finance and Corporate Securities (now the Division of Financial Regulation)  to see if it was registered for sale here.  Nope.  So I sent them all …Read More


Caveat Venditor

We’re all too familiar with the doctrine of “caveat emptor”, or buyer beware, which places all responsibility for a bad deal on the shoulders of the consumer.  Caveat venditor reverses that responsibility, placing all responsibility upon the seller.  With financial products and services, both are true, as the case below shows.  A quick check with http://brokercheck.finra.org/ …Read More


Self Regulatory Organizations Always Police Their Industries Well

Well of course that’s not true.  None of them do, from the FCC to the SEC.  But some do a better job than others.FINRA (the Financial Industry Regulatory Authority) seems to do a fair job considering their financial and political constrictions, as you can see below.  But out of 637,000+ brokers, they only examined 4500. …Read More