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So far Richard Frankowski has created 573 blog entries.

Tips for Choosing the Right Financial Planner for Your Interests

A financial planner offers a variety of benefits. The right individual can help you achieve a long-term financial goal or guide you toward a lifetime of financial security. Unfortunately, many individuals have trusted their money to the wrong financial planner, leading to lost assets and, in some cases, financial ruin. First, it is important to understand the role of a financial planner. These professionals help you make wise decisions about how to spend, save, and invest your money. By reviewing your financial information, along with inflation data and investment return analysis, financial planners create projections of the best way for you to meet financial goals, such as buying a house or saving for retirement. At The Frankowski Firm, we want to help our clients make wise choices about their finances. That is why we have created this list of tips for choosing a financial planner. Conduct a background check on your financial planner Background information is an excellent indicator of [...]

By |May 10th, 2017|Uncategorized|
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FINRA May Clampdown On Brokers, Unpaid Awards

Next week, FINRA will take a look at two problems that have been plaguing it: brokers with disciplinary records who manage to keep popping back up in the industry and firms that do not pay arbitration awards. The regulator will "consider proposed rule amendments and other steps designed to heighten the oversight of high-risk brokers and the firms that employ them," according to its agenda for its meeting on May 10 in New York. Dealing with repeatedly problematic brokers has been an issue for FINRA for years. At the beginning of the year, FINRA stated that monitoring these brokers was its top priority in ts annual regulatory and examination priorities letter and created a team to monitor these rogue brokers. FINRA will additionally consider changing its arbitration procedures and Form U4 regarding payment of arbitration awards by firm and brokers. The Public Investors Arbitration Bar Association issued a study last year showing that $62 million in arbitration awards were not [...]

By |May 5th, 2017|Uncategorized|
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Discretionary versus Non-Discretionary Investment Accounts

Many investors wonder about the differences between discretionary and non-discretionary investment accounts or do not even realize that there are two types of such accounts that function quite differently from each other. Simply put, a discretionary account is one in which a broker makes trades, buying or selling securities, in an investor's account without the investor's approval. A non-discretionary account is one in which the investor decides on what trades to make. In these accounts, brokers act as a facilitator; they merely receive and execute the clients requested trades, attempting to get the best prices possible for the investor. Brokers managing these accounts still make recommendations on what to sell, what to purchase, and when. They cannot, however, make any such trades without getting prior approval from the investor. Even still, choosing between the two can be a difficult decision. Both have pros and cons. Say, for instance, a broker has a hundred clients with non-discretionary accounts and each of [...]

By |May 3rd, 2017|Legal Matters|
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Securities Fraud: What Is Insider Trading, Exactly?

Since 2014, the news has been telling the story of Thomas C. Davis, the former chairman of Dean Foods, a professional gambler named Billy Walters and golf legend Phil Mickelson. According to the Justice Department and the SEC, these three men have been involved in an insider trading scam that netted Walters approximately $40 million in profits. Though Mickelson avoided being charged with a crime – he agreed to pay $1 million plus interest – Davis pled guilty to multiple counts of fraud and obstruction of justice. Now, Walters is on trial for insider trading; if he is found guilty, he faces decades of prison time and millions of dollars in fines. Insider trading is synonymous with securities fraud to most people, but not all transactions that fall under the guise of insider trading are actually illegal. If the people who own, operate and work for a company buy and sell their own stock to others within the company, this [...]

By |May 3rd, 2017|Fraud|
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The recoveries, verdicts, favorable outcomes, and testimonials described on this site are not an indication of future results. Every case is different, and regardless of what friends, family, or other individuals may say about what a case is worth, each case must be evaluated on its own facts and circumstances as they apply to the law. The valuation of a case depends on facts, the damages, the jurisdiction, the venue, the witnesses, the parties, and the testimony, among many other factors. No representation is made that the quality of the legal services performed is greater than the quality of the legal services performed by other lawyers.

Disclaimer: Mr. Frankowski is licensed in Alabama,Florida and Texas. He is not licensed in any other state including Nevada and California. Mr. Frankowski has represented investors from all over the country in securities cases including: Alabama, California, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Mexico New York, North Carolina, Tennessee, Texas.