“Margin Call” and the Unreality of Wall Street
The 2008 financial crisis has assumed its role in economic and social history, and continues to get ongoing momentum from the severe recession it created, as well as the ongoing social protests. Yet...
View Article60 Minutes’ Congressional Insider Trading Report vs. Financial Reform
The ongoing tug-of-war between all parties concerning financial services reform got some added dimensionfrom a report on CBS’s 60 Minutes about legal insider trading involving the elected members of...
View ArticleCiti and Deutsche to Pay $165 Million in Mortgage Penalties
Citigroup Inc. and Deutsche Bank have agreed to pay $165.5 million to settle federal regulators’ claims that they misled five failed credit unions about the risk of securities tied to mortgages. The...
View ArticleAn Individual Investor’s Revenge on Wall Street
Millions of American investors lost many billions of dollars or more as a result of the 2008 mass housing and financial frauds. But very few people have taken the time to investigate why they lost...
View ArticleTop Regulators Examining LIBOR Rate Fixing
Large banks which set one of the institutional investing world’s most important interest rate-setting benchmarks–LIBOR–are being accused of price fixing by some of the largest regulators in the world....
View ArticleWhy Fee Disclosures Will Be Traumatic for Many 401(k) Plans
Fee disclosure becomes an ethical dilemma April 2012 will be a traumatic time for many 401(k) plans. That’s when 401(k) plans will be forced to disclose the fees they pay to their plan administrators....
View ArticleWhen Treasury Secretary Henry Paulson Raised the Information Ante
Henry Paulson Makes His Point On July 28, 2008, then-Treasury Secretary Henry Paulson held a curious meeting in New York with about a dozen hedge fund managers. At the time of the meeting, Bear...
View ArticleMF Global: Another Blow to Investor Confidence
CFTC: No evil here Investment pundits have identified at least 15 distinct types of investment risks. Now, we can add another: broker risk. After the Bernie Madoff scandal, investors again saw that...
View ArticleAccepting the “New Normal” in Financial Marketing
“The U.S. job market is showing signs of a sustained recovery. But the country’s prolonged struggle with unemployment will leave scars that are likely to remain for years, if not generations.” –Ben...
View ArticleSEC Fails Investors on Fiduciary Rule
Protecting investors? It has been one year since the Securities and Exchange Commission (SEC) delivered a report to Congress recommending the adoption of a universal fiduciary standard regulation that...
View ArticleShould You Pay for Fund Underperformance?
“While 85% of the equity managers studied underperformed the market in nearly all relevant time periods, the amount of fees extracted globally for this and other financial-intermediation services is...
View ArticlePrincipal CEO Says Investors Cannot Understand Benefits of ETFs and...
CEOs set the tone for their companies in every respect–behavior, motivation, intellectual curiosity, innovation and ethics—so it was not surprising to hear that the Larry Zimpleman, CEO of Principal...
View ArticleCan Mutual Fund Wholesaler’s Salaries be Justified?
One of the biggest problems facing the mutual fund industry’s relationships with its millions of shareholders is justifying fund wholesalers’ salaries. This is a contentious and sticky issue for a few...
View ArticleInvestors Still Awaiting Decision on Critical Issue of Fee Reform.
Note: This article was originally published in July 2010. Investors are still waiting for a decision. After decades of wrangling, false starts, and back room intrigues, it looks like the SEC is...
View ArticleWhy Mutual Fund Companies Want You To Be Confused
Most of the discussions about the need for greater transparency in financial transactions has centered on the need to adopt greater fiduciary responsibilities. But there is also another reason:...
View ArticleAre You Looking For Objective, Independent Financial Advice?
Source: Flickr image by Sosidesc Face it. Finding an independent, objective financial adviser is a difficult task for any individual investor. But now there is a service that can provide this needed...
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