Brokerage Fraud by Douglas J. Schulz and Tracy Pride Stoneman (2001, Hardcover)
The book is in fine condition, though there are some very light scratches here and there. There is an inscription inside -- see cover.
Valuable secrets every investor should know to protect his or her assets.
The public has been bombarded with the many benefits of investing, yet only a fraction of investors understand how brokerage firms bend and even break the rules. Even fewer realize they have been defrauded and take action.
Tracy Pride Stoneman, an abritration lawyer, and Douglas J. Schulz, a former broker, have written the book that every investor should read.
Despite being the most regulated industry in the country, the securities business consistently bends and breaks the rules. The authors reveal what those ""buy,"" ""sell,"" and ""hold"" recommendations really mean, the widespread conflicts of interest, and the most common abuses among brokerage firms. Stoneman and Shulz also discribe what investors can do to recoup any losses.
From Library Journal
Stoneman, an attorney who specializes in securities cases, and Schulz, a former broker turned securities fraud consultant, have produced a guide to fraud in the securities industry for the individual investor. They describe the common types of misconduct, how to detect fraud, the actions to take, the role of regulatory bodies, and how arbitration works. Though the book includes two chapters on online trading and concludes with several chapters on choosing investments and financial advisers, it focuses on dealing with brokerage fraud; the authors even provide their phone numbers and web sites for prospective clients. The writing style is straightforward and somewhat informal, but a lot of technical information is provided. Because of its up-to-date coverage and moderate price, this book is recommended for all public libraries, even those with small investment collections. It is also appropriate as an introductory or supplemental offering in academic libraries supporting finance collections. Lawrence R. Maxted, Gannon Univ., Erie, PA
Copyright 2001 Reed Business Information, Inc.
Review
"...you might do a favor for any friends who still use a stockbroker by giving them Brokerage Fraud" -- BusinessWeek, February 11,2002
The authors have taken the rules and regulations of the brokerage industry and put them in laymen’s terms. -- Professor William C. Tyson, The Wharton School & The Law School of the University of Pennsylvania
This book can save you thousands of dollars and loads of headaches! -- Jordan E. Goodman, author of Everyone's Money Book
This book is a timely wake up call to the brokerage industry to clean up its ways. -- George D. Mullen, Vice President UBS PaineWebber
Tracy Stoneman and Douglas Schulz certainly know what Wall Street brokerage firms wish you didn't. -- Evan Cooper, Editor-in-Chief, On Wall Street, Co-Author,
About the Author
Tracy Pride Stoneman is a lawyer, lecturer, and author specializing in securities fraud cases. She has a bachelor's degree from Vanderbilt University and a law degree with honors from Drake University. She is a former judge and an NASD and NYSE arbitrator. She is a longtime member of the Public Investors Arbitration Bar Association and currently services on its board of directors.
Douglas J. Schulz, President of Invest Securities Consulting, P.C., is a Registered Investment Advisor (RIA) and a Certified Regulatory and Compliance Professional (CRCP). He is a former stockbroker with more than 20 years' experience in the securities industry as an advisor, consultant, author, and sought-after expert witness for securities fraud cases. He is frequently quoted in the top financial news, business, and legal publications nationwide and is also an NASD and NYSE arbitrator.
L-SF