The Securities and Exchange Commission (SEC) this week accused Robert Allen Stanford of fraud. Stanford, now the subject of an ongoing investigation, is a Texas financier. Allegedly, Stanford has been involved in a scheme of selling suspiciously high return CDs amounting to eight billion dollars through the Stanford International Bank. Financial advisor James Krifter said that this comes at a time when financial institutions are largely linked to fraudulent practices. …

With the Securities and Exchange Commission’s (SEC) certificate of deposit (CD) consumer guide viewed by many financial analysts as the most authentic source of investment and financial product purchase tips, financial analyst Anne Peritonea explains more on the guide’s contents. Starting with the needed effort of making a financial plan which Peritonea has explained well enough in her online journal titled “CD Now”, she moves to the salient concern of …

Financial expert Liz Pulliam said that banks charge their CD holders with fees when the latter decides to transfer the CD to another bank. Pulliam says that this should be common knowledge since banks have many reasons for doing so. First, Pulliam says that once a CD owner or holder decides to transfer the CD to another bank, no matter what the type of CD is and its history, the …

The Securities and Exchange Commission (SEC) has recently released a certificate of deposit (CD) guide in response to consumer calls for authentic outlines. SEC, in its guide, clarifies at the onset that consumers must not automatically go for attractive CD rates which initially offer high yields. The commission says that there might be different and specific types of CD for each individual. According to SEC, these CDs may not necessarily …

A report by Market Rate Insight indicates that $29 billion in certificates of deposit balances have been used to pay off credit card debt for the first to third quarter of this year. Compared to the same period as last year, CD balances have dropped from $2.36 trillion to about $2.16 this year. Market Rates Insight found that credit card debt payment accounted for 15% or almost $30 billion of …