Protect Your Investment Portfolio from Fraud and Bankruptcy
Submitted by Creveling & Creveling Private Wealth Advisory on April 6th, 2020By Peggy Creveling, CFA, and Chad Creveling, CFA
Although it may not be common to have problems with a financial custodian, bankruptcies and fraud do happen. Although these types of issues may occur most frequently in the offshore world where regulators may not provide solid oversight, they can also happen in larger or better-regulated markets. This is especially the case during periods when market volatility is high and financial firms experience increased liquidity needs, margin calls, and counter-party risk.