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Why do Stock Brokers Lie to Investors?
Stock brokers have licenses that limit them to selling investment products such as mutual funds and securities. The licenses do not permit them to provide financial advice or ongoing financial services...
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Post-JP Morgan – Still Believe a Universal Fiduciary Standard Not Needed?
A recent study provided a list of various things that one could buy with the $33 billion dollars in fines that have been assessed against broker-dealer JP Morgan over the past two-and-a-half years...
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The History of Wall Street – once a Market for Slaves!
In the early 1600’s Wall Street were two walls that protected Dutch residents from marauding Indians. It seems the Dutch governor (Kieft) had approved the massacre of a big part of the local Indian...
View ArticleDoes FINRA Really Protect Investors from Bad Financial Advisors?
FINRA is the Financial Industry Regulatory Authority. It produces the rules that govern more than 600,000 stock brokers and financial advisors and the 5,000 broker/dealers that employ or license them....
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Wall Street’s ‘Increased Costs’ Deception
The Securities and Exchange Commission (SEC) recently announced that it had received very little response to its request for information on the potential financial impact of a universal fiduciary...
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A New Player in the Financial Fiduciary Wars – Updated September 2014
A financial fiduciary are financial planners, investment advisors, and money managers who hold positions of substantial trust when they invest other peoples’ money. Investors are counting on the...
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5 Reasons Why a New Financial Advisor is a Hidden Risk – updated September 2014
If you do not ask a prospective financial advisor any other questions be sure to ask for his years of financial advisory experience. Your goal is to avoid inexperienced advisors and select experienced...
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Can Sales Reps Claim to be Financial Advisors? – updated September 2014
You bet they can and they do. I checked the legality of the claim with FINRA, the SEC, and California (my state of residence) to ask them this straightforward question. After one and a half hours of...
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I Need a Financial Planner Who Puts My Interests First – Updated Oct’14
What does it mean to say “a financial planner who puts my interests first?” What are your interests? What are the financial planner’s interests? How are they different? Your Financial Interests Your...
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Financial Planners May Be Scam Artists – Upd Oct’14
There are hundreds of thousands of advisors, sales representatives, and insurance agents who claim to be financial planners. Planning by legitimate planners is one of the most important services that...
View ArticleWeighing In- Politicians Protect Wall Street Executives
It is a travesty of justice that Wall Street executives can rip-off consumers for billions of dollars each year with no accountability for the damage they inflict on the people who trust their...
View ArticleWhy is Wall Street Fighting Fiduciary Standards for Sales Reps?
Wall Street firms employ or license hundreds of thousands of sales representatives. Wall Street does not want these reps locked out of the retirement asset market (401ks, IRAs). Wall Street also does...
View ArticleWhich Presidential Candidate is Wall Street Rooting For?
Would you believe both? Wall Street cannot afford to get it wrong. Billions of dollars of revenue, profit, and executive bonuses are impacted by the actions of politicians. Wall Street wants a friend...
View ArticleTHE FINANCIAL EQUATION: Diversification: What You Need to Know
It’s hard to believe I’ve been writing and getting financial articles published for years and I’ve yet to cover the topic of diversification with my readers…well I’m finally covering that topic right...
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Why are stocks recovering as the economy declines?
Optimism. It isn’t something many Americans have been able to hold onto during this COVID-19 financial crisis. From small business shutdowns, record-high unemployment levels, and the launch of the...
View ArticleWeighing In: Radio & TV Personalities Make Bad Financial Advisors
Real radio and TV personalities who report financial news are not acting as part-time financial advisors. They have full-time jobs being radio and TV news reporters. So what does it mean for investors...
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Venture Capital: Investing for the Long Term
Over the past decade, there has been an interesting shift in the way venture backed companies are approaching their Initial Public Offering (IPO). Historically, once a business had reached a certain...
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