+1-888-741-7503

|Richard@frankowskifirm.com

About Richard Frankowski

This author has not yet filled in any details.
So far Richard Frankowski has created 573 blog entries.

Risks Associated With Investing In Master Limited Partnerships

Master limited partnerships ("MLPs") are complex investment vehicles that have become massively popular in the past few years during the low interest rate environment. A MLP is a publicly traded limited partnership with two types of partners: the general partner, who is responsible for managing the MLP and is compensated for performance, and the limited partner, the investor who provides the capital to the MLP and receives periodic income distributions. Unlike most partnerships, shares of MLPs can be bought or sold on a stock exchange. Just like any partnership, the problem with being a limited partner is that such a partner has no role in the management of MLP. Unfortunately, MLPs can be very risky investments, as they fluctuate greatly with the price of oil and gas. Usually reserved for sophisticated and high-net-worth investors, these investments are not suitable for the average investor. However, a number of financial advisors sell them to their clients anyway, without fully disclosing the potentially catastrophic [...]

By |January 25th, 2016|FINRA, Press Releases & News|
Read More

Futures Trader Pays $260,000 In Restitution For Securities Fraud

Robert Scott Wiens of Lakewood, Colorado, a director a futures trading firm RXM Holdings Ltd., was sentenced last week to a year in prison and paid more than a quarter-million in restitution for securities fraud. Wiens, who pleaded guilty in October, paid $260,000 of $734,140 in court-ordered victim restitution, according to the Colorado Department of Regulatory Agencies. He also received a suspended sentence of eight years if he fails to follow the conditions of his 10-year probation. "It is unusual to obtain any restitution in criminal securities fraud cases because, more often than not, the funds are quickly spent by the defendant and cannot be recovered," said Securities Commissioner Gerald Rome. Wiens was arrested in April after leaving a Broomfield golf course. He faced 19 felony counts, including 10 counts of securities fraud, five counts of forgery and four counts of theft. As the director of RXM Holdings, he operated as an unlicensed securities professional between 2010 and 2011, engaging in the [...]

By |January 25th, 2016|Fraud, Press Releases & News|
Read More

Top Investor Threats

The following is a list compiled by the North American Securities Administrators Association of the top financial products and practices that threaten to trap unwary investors and small business owners: Unregistered Products / Unlicensed Salesmen: The offer of securities by an individual without a valid securities license should be a red alert for investors. Con artists also try to bypass stringent state registration requirements to pitch unregistered investments with a promise of “limited or no risk” and high returns. Promissory Notes: In an environment of low interest rates, the promise of high-interest-bearing promissory notes may be tempting to investors, especially seniors and others living on a fixed income. Promissory notes generally are used by companies to raise capital. Legitimate promissory notes are marketed almost exclusively to sophisticated or corporate investors with the resources to research thoroughly the companies issuing the notes and to determine whether the issuers have the capacity to pay the promised interest and principal. Most promissory notes must be [...]

By |January 22nd, 2016|Press Releases & News|
Read More

Labor Department Ready To Advance Final Fiduciary Rule

The Department of Labor is ready to advance as soon as the end of the month a final rule that would raise investment advice standards for retirement accounts. The department is trying to get the rule to the Office of Management and Budget ("OMB") for review by January 31, according to a report published by Politico. The review could take up to 90 days, but could be expedited and finished within four to six weeks. Once the office has approved the rule, it would be sent back to the Labor Department, which would then publicly release the final rule in the spring. “The rumor mill is very active,” says Fred Reish, a partner at Drinker Biddle & Reath. “The prevailing thinking is that the final package of the regulation and exemptions will go to OMB in the next three weeks and could go any day now. The tea leaves say that the fiduciary package will be … published in the Federal [...]

By |January 21st, 2016|Press Releases & News|
Read More

Fill Out The Form To Receive A Free Confidential Consultation

Consultation

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.