August 31, 2010 In transparent process, industry misinformation shows up. Let us clear it up....
August 12, 2010 An SEC that takes in nearly half a billion dollars more than Congress grants it is not as strong as Congress could make it....
July 18, 2010 A giant step in a marathon run for investors, but there’s a long way to go....
June 10, 2010 Nobel Laureate Joseph Stiglitz says that ‘delay’ or ‘study’ of some financial reforms is ‘unconscionable; continued regulatory forbearance puts the economy at risk.’...
May 21, 2010 But broker/dealers and insurers may see better informed retail investors vote with their heads and feet....
May 13, 2010 Some Wall Street firms are being investigated for conduct that does not comport with good business practices but rather the basest forms of self dealing, or allegedly, worse. Maybe Glass-Steagall was a good idea after all....
April 20, 2010 If it has become de rigueur for Wall Street to not disclose important facts even under suitability, I must have missed the memo. ...
April 12, 2010 Investors in 401(k) plans who are frustrated by proprietary funds, opaque high fees, revenue sharing and sub-par performance are starting to get overtures from lawyers who are gathering investors for class action suits against 401(k) providers....
March 29, 2010 It may well be that a “study” of whether brokers should put their clients’ interests first will call even more attention to the differences between those who put client’s interests first and those who don’t have to. ...
March 18, 2010 There is a great deal of chatter surrounding the fiduciary movement that is just plain incorrect—as in, not fact—whether from ignorance or deliberate obfuscation. ...
February 28, 2010 Are Senators strong enough—and do they have enough integrity—to stand up on behalf of retail investors and insist on extending the fiduciary standard to cover those who provide advice to retail investors?...
February 05, 2010 Did the requirement to repay TARP funds in order to pay bonuses for 2009 prompt some banks to repay the bailout funds too early? ...
January 19, 2010 Goldman Sachs Chairman and CEO Lloyd C. Blankfein testified that at Goldman Sachs, “…we do support the extension of a fiduciary standard to broker/dealer registered representatives who provide advice to retail investors." ...
January 15, 2010 It has been an extraordinary week, by any standard, if you were paying attention to what was happening in Washington regarding the financial crisis. ...
December 29, 2009 As we emerge from a challenging economic crisis, there is reason to hope that changes and opportunities we will see in this new year—some as a direct result of the economic crisis—will be positive....
December 07, 2009 “I believe that all securities professionals should be subject to the same fiduciary duty," says SEC Chair Mary L. Schapiro....
November 16, 2009 Now that we have heard from both the House and Senate committees on finance and banking about investor protection, let’s not misinterpret what they are saying. ...
October 16, 2009 The Dow Jones Industrial Average hit a year-to-date high and jumped above 10,000 on Oct. 14, and the next day hit another high of 10,062.94. Unless you are short, this is good news for you and for your clients. ...
October 08, 2009 Both investment advisors and broker/dealer registered representatives routinely give financial and investment advice to clients. What is still different is the rules that protect those investors....
September 22, 2009 Financial reform is around the corner. How will it affect you and your clients? The Capital is abuzz with discussions regarding re-regulation of financial services, something that the Administration wants to see passed by year-end....
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