Synopses & Reviews
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.
About the Author
Douglas Schulz is President of Invest Securities Consulting P.C. (Invest) based in the Sangre de Cristo Mountains near Westcliffe, Colorado. He is a Registered Investment Advisor and through 1998, managed up to $25 million dollars. Douglas is also a securities consultant and expert witness. He assists attorneys and their clients by assessing the strengths and weaknesses in the case, calculating damages and providing expert testimony in arbitration on the brokerage firms compliance and supervisory conduct. Douglas was a major source to the author of
Serpent on the Rock, and was in part responsible for tipping off the SEC. Douglas also analyzes investments, investment strategies, and performance results and performs due diligence and investigations for merchant bankers, investment bankers, and the brokerage industry.
Tracy Pride Stoneman is a lawyer who represents investors who have complaints against their brokerage firms or stockbrokers. She operates her own law firm, Tracy Pride Stoneman, P.C., in Colorado Springs, Colorado and from her home in the Sangre de Cristo Mountains. Tracy has been a member of the Public Investors Arbitration Bar Association (PIABA) almost since its inception in 1989 and is serving a 3-year term on its Board of Directors. She also serves on the Board of Directors of the Practitioners Publishing Company Financial Advisory Services.