The justices examined the limits of a financial adviser’s duties and the red flags of diminished capacity.
personal finance
Posted inBusiness, Maine, News
Maine couple scammed out of $1.3M sue financial adviser
In a matter of days, Bruce and Linda MacMillan cashed out of retirement investment accounts they had built up over 15 years with R.M. Davis Inc. and transferred the money to scammers via bitcoin. The firm says it is not liable because the couple lied about their plans.
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Posted inNews
How Mainers should think about saving for retirement at every life stage
We asked financial advisers for their best tips on saving for retirement depending on your age.
Posted inBusiness, Maine, News
Mainers’ economic outlook varies by party, income, according to UNH poll
Most of the respondents in the Pine Tree State Poll agree that the prices of everyday goods are higher than they were a year ago and only about a fifth believe their households are better off.
Posted inBusiness, Maine, Nation & World, News
Cash App parent company agrees to $80M settlement
Maine regulators were among agencies in 7 states leading the enforcement effort, which included 48 state agencies altogether.
Posted inBusiness, Nation & World, News
Jennifer Lopez and Ben Affleck may not have had a prenup, but you should consider one
One surprising thing about the singer’s split from her actor husband is that her divorce petition did not include any mention of a prenuptial agreement
Posted inBusiness, Nation & World, News
The U.S. wants to crack down on payday loans. Here’s what you need to know.
The Consumer Financial Protection Bureau is trying to crack down on predatory lending, while some states have already passed borrower protections on their own.
Posted inOpinion
Opinion: Don’t wait to teach your children about money management
On the journey toward financial responsibility and well-being, missteps should not be seen as setbacks.
Posted inOp-eds, Opinion
Commentary: Practice makes profits – rising stars, name, image, likeness and cash
As recent changes to NCAA’s NIL rules give college athletes a major opportunity to earn income, they need financial education and professional support to ensure long-term financial success.
Posted inOp-eds, Opinion
Commentary: Let’s give Maine students the upper hand financially
L.D. 1284, making personal finance a high school graduation requirement, represents our best chance to give future generations of Mainers the skills and confidence to manage their money wisely.