Tagged with "coronavirus"

SEC Forms Coronavirus Committee to Combat Fraud

Posted on July 17th, 2020 at 11:21 AM
SEC Forms Coronavirus Committee to Combat Fraud

The Enforcement Division of the U.S. Securities and Exchange Commission is well aware that national emergencies often lead to increases in fraudulent activity. Speaking at the Securities Enforcement Forum West 2020 conference, SEC Enforcement Division CEO Steven Peikin said that the SEC is drawing on experience gained during previous emergencies, including the financial crisis in 2007-08 and the terror attacked on September 11, 2001, to combat COVID-19 related scams. 

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Coronavirus Adds to Problems for Emerging Market Bonds

Posted on April 15th, 2020 at 3:15 PM
Coronavirus Adds to Problems for Emerging Market Bonds

The financial fallout from the Coronavirus pandemic has been widespread, and now threatens emerging markets.  Emerging market bonds have seen a withdrawal of capital, and now some of the emerging markets are at risk of default.  The pandemic is just one of a number of circumstances that have combined to push these bonds to the edge of default. Additionally, declining oil prices and an increase in the strength of the US dollar has contributed to this issue.

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Disruptions Caused by Coronavirus Create Opportunities for Financial Advisors Considering a Transition

Posted on April 10th, 2020 at 2:53 PM
Disruptions Caused by Coronavirus Create Opportunities for Financial Advisors  Considering a Transition

Financial advisors considering a transition may have put those plans on hold given the unprecedented disruption and market volatility caused by COVID-19.  However, as Ryan Shanks discussed in a recent article for ThinkAdvisor, there may be some benefits for advisors who continue forward on their transition plans.

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BEWARE OF CORONAVIRUS SCAMS

Posted on March 19th, 2020 at 4:47 PM
BEWARE OF CORONAVIRUS SCAMS

As COVID-19 continues to spread, so does the fear and uncertainty surrounding it. This creates the perfect environment for cybercriminals intending to steal secure information from banks and their customers. Swindlers can gain access to this information using email attachments, embedded links, online ads or social engineering. Some of the links or attachments may state they are coming from a reliable source such as the World Health Organization, the Centers for Disease Control and Prevention, and John Hopkins University.

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