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Private equity firms purchase of oil and gas drilling companies could cost taxpayers billions in cleanup costs, study says

Recently, I wrote about how private equity firms are buying health providers practices, including my gastroenterologist’s, and how they bleed money from the companies, then sell them for a big profit. In 2021, some of the top industries for private equity investment include healthcare, technology, and consumer products.  Now, a new report describes how private […]

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Raymond James to pay $13 million for unreasonable fees following investigation by state regulators

Another large financial institution has been caught gouging customers. Raymond James Financial Services agreed to settle allegations Tuesday with six state securities regulators for charging unreasonable commissions on trades that harmed investors. The broker-dealer will pay at least $8.2 million in refunds to clients, and $4.2 million in penalties and costs. A task force of […]

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Beware: Money In Payment Apps May Not Have Protections &Raquo; 6A00E550081576883402B751825D90200B 320Wi

Beware: Money in payment apps may not have protections

More than three quarters of adults have used a payment app, called a P2P or peer-to-peer or person-to-person app. Widely used nonbank payment apps include PayPal, Venmo, and Cash App. The apps can be used on a computer or mobile device to send money to someone else without writing a check or handing over cash. […]

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Watch Out For Investment Scam Targeting Wechat Groups &Raquo; 6A00E550081576883402B751A595B5200C 320Wi 1

Watch out for investment scam targeting WeChat groups

An “investment opportunity” extremely popular on the social media platform WeChat stole millions from the Chinese community in the United States. Social media posts urged people to “invest” in various household goods and electronics, promising returns of 20-40 percent in one to three months. But it was really a scam, according to the Federal Trade […]

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Best Wishes For 2023, Another Challenging Year For Consumers &Raquo; 6A00E550081576883402Af14Aced41200B 320Wi

Best wishes for 2023, another challenging year for consumers

My best wishes to you and your loved ones for 2023. On New Years eve, I wrote about the top consumer and personal finance stories of 2022. Inflation and higher interest rates topped the list, and I predict that those two issues will continue to confront consumers throughout the new year. My recommendations include: be […]

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Should You Buy An I Bond Before The Oct. 28 Deadline? &Raquo; 6A00E550081576883402Acc610A060200B 320Wi

Should you buy an I Bond before the Oct. 28 deadline?

Michelle Singletary, financial writer for The Washington Post, has been recommending buying Series I Bonds for months now. Singletary says for investors with money to spare and who are looking for safety, inflation has been good for Series I Bonds, which the Treasury Department announced will be paying 9.62 percent until the end of October. […]

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