Sep 11, 2009
In the latest but perhaps not the last development in its investigation into a trading scandal at the former Baltimore investment firm Ferris Baker Watts, the Securities and Exchange Commission has fined a senior executive $75,000 for failing to respond to red flags indicating that a broker under his supervision was involved in a stock manipulation scheme.
The SEC ordered Louis J. Akers, who was Ferris' vice chairman, to hand over another $19,187 in improper gains and $5,973 in interest, and prohibited him ... Read More
Sep 10, 2009
Debit card overdraft fees are helping to pay banks’ bills in the recession—and they're hitting customers hard, the New York Times reports. “Banks will let you overspend on your debit card in a way that is much, much more expensive than almost any credit card,” says an analyst. Spending money you don’t have can result in massive fees—the Times calls out one shopper who was slapped with seven $34 fees in one day: Banks are set to make $27 billion this year ... Read More
Sep 7, 2009
The video introduces an independent media platform like SleptOn Mag as the key to getting alternative perspectives and information critical to gaining a more sober understanding of the world that we live in.
Short video clips featuring Amy Goodman, Michael Moore and Reverend Lennox Yearwood as they highlight the failures of America's corporate "mainstream" media. "You have to go to the internet, you have to go to alternative sources..." -Howard Zinn (Author/Historian)
And this one of the main reasons corporateabuse.net was started. Watch as ... Read More
Sep 6, 2009
Boeing employee posed as an independent blogger to decieve Northrop Grumman duriing a recent trade show. What is great about this whole issue is, no consumer was affected by a corporate giant. However, to see two mass entities act as children would, shows just how low the corporate world really behaves.
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Sep 4, 2009
Many credit cardholders find their interest rates rising, minimum payments spiking and credit limits plummeting, says Consumer Action, which today releases its 2009 Credit Card Survey.
The results of the new Credit Card Survey confirm widespread cardholder complaints that even excellent customers who carry a balance are subject to costly, unilateral increases in their credit card bills.
Consumers are seeing increases in purchase rates, cash advance rates and in some cases default rates. Some issuers are using the new credit card law coming next ... Read More
