Penny-Stock Broker Gets Indicted, But What Took So Long?

On Jan. 6, the U.S. Attorney for the Southern District of New York charged stockbroker Larry S. Werbel with conspiracy, securities fraud, wire fraud, investment adviser fraud and making false statements. But regulators had been aware of Werbel’s dicey recommendations of penny stocks to clueless customers five years before that.The sordid tale is but the latest example of authorities doing too little, too late.

You can read my column for TheStreet here.

Is the Madoff Miniseries Making You Nervous About Your Broker?

As you’re curled up on the couch watching ABC’s Bernie Madoff series, it’s understandable if you start getting a little edgy. What about the guy or gal running your money?

I took the occasion of ABC’s widely watched series to remind investors that there actually are things they can do to check a broker’s record. You can read my column for TheStreet here.