Houston Investment Advisor Sanctioned For ‘Custody Rule’ Violations

Texas Securities Commissioner John Morgan on May 23 entered a Consent Order against Post Oak Investment Management Inc., a Houston investment adviser. Post Oak Investment Management paid a $1,000 fine and was reprimanded for violating the State Securities Board’s “custody rule,” which requires registered investment advisers to comply with certain requirements if they maintain custody of...
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Investor Alert: Pension Advance Scams

If you are receiving regular payments from your pension, keep an eye out for sales pitches that ask you to trade the stability of those payments for the opportunity to make a quick buck. The come-on will probably be as subtle as a used-car ad: Are you earning a pension from your former employer and need...
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