My father-in-law recently passed away. I'm helping my mother-in-law get her finances in order and when we got control over her late husband's retirment account we found some really strange activity. For example, in just January of this year alone, they have bought and sold $150,000+ of ETFs. They will do things like sell 40k-50k of one type of ETF, and then turn around and buy the same type of security with a different stock ticker. Their advisory fees seem like they are pretty standard and I can't find if commission was made on these trades . Does anyone know of a way to investigate this without confronting the brokerage firm? I feel like this stuff should be disclosed, but from what I'm reading online, maybe these crooks get to keep it a secret? I'm also interested in reporting them to the SEC or FINRA. I'm a little overwhelmed right now, the account has lost a lot of money and the whole family is upset.
Submitted January 22, 2024 at 12:54AM by Antique_Bat5003 https://ift.tt/2HcdC81
