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The SEC Considers Expanding The Pool Of Investors For Risky 'Private' Investments
Yesterday, 9:21 PM • 5 Comments
- The SEC may expand the availability of private investments for retail investors.
- "Accredited" investor regulations may change.
- Private investments are too risky for most retail investors.
Wall Street Snipers Aim To Pick Off Fiduciary Duty Rule
Wed, Mar. 11 • 1 Comment
- Obama directed DOL to enact the fiduciary duty rule For retirement accounts.
- Wall Street opposes the fiduciary rule.
- Republicans seek to kill the rule.
Federal And State Securities Regulators Clash On Debt And Equity Research Rules
Fri, Mar. 6 • Comment!
- The SEC is reviewing FINRA's rule to shorten the "Quiet Period" following IPOs.
- NASAA, state regulators, oppose the rule.
- The rule reduces investor protection.
Puerto Rico And Greece - Birds Of A Feather?
- Puerto Rico's Economy Is Resembling Greece.
- S&P and Moody's Downgraded Puerto Rico Debt Further.
- Puerto Rico's Debt Restructuring Law Was Stricken By The Court.
The Fiduciary Duty Standard For Stock Brokers: Signs Of Life!
Thu, Feb. 5 • 1 Comment
- Stockbrokers must put customers' interests first under the fiduciary duty standard.
- The SEC has failed to implement this standard.
- In 2015, FINRA may pass a fiduciary duty rule.
Puerto Rico's Government And Assorted Agencies Are Running Out Of Money
Mon, Jan. 26 • 8 Comments
- Puerto Rico is running out of cash.
- Puerto Rico will likely restructure its debt.
- Bond holders will be hit hard.
Swiss Franc And Falling Oil: The Black Swans Are On The Pond
- The Swiss franc and falling oil prices are "Black Swan" events.
- Exposed banks will take hits.
- Investors should check their portfolios for Swiss and oil exposure.
2014 Was A Bumpy Road For Mom And Pop Investors. Here's Hoping 2015 Is A Smoother Ride
Wed, Jan. 7 • 1 Comment
- 2014 saw stock gains, Puerto Rico bond losses and less investor protection.
- In 2015, oil and gas investments will get hit.
- Investor protection will erode in 2015.
Investors Once Again Getting Stuck With The Short End Of The Stick
Dec. 19, 2014 • 9 Comments
- Government actions have harmed investors' interests.
- A court made insider trading easier; FINRA gave a "wrist slap" for sharp research practices.
- Congress voted to roll back Dodd-Frank protections.
Puerto Rico's Day Of Economic Reckoning Has Arrived
- Puerto Rico's economy Is tanking.
- The FBI raided two Puerto Rico authorities.
- Bond defaults are looming.
Could Falling Oil Prices Create The Next Financial Disaster For Mom And Pop Investors?
- Falling oil prices, good for customers, could harm investors.
- The shale business and high yield energy bonds could tank.
- Investors should beware the energy sector.
Wall Street's Shameful Commodities Market Play
- The Senate charged Wall Street firms with manipulating the commodities market.
- Goldman Sachs, JPMorgan and Morgan Stanley allegedly influenced commodity prices.
- Wall Street profited at consumers' expense.
The Securities Industry Labels Efforts To Protect Investors As Too Costly
Nov. 19, 2014 • 3 Comments
- FINRA has proposed a "Comprehensive Automated Risk Data System" (CARDS) to prevent investor abuses.
- SIFMA, the securities industries lobby, is trying to kill CARDS.
- Investors are willing to pay for more protection.
Will The Republican Election Sweep Damage Investor Protection?
Nov. 13, 2014 • 4 Comments
- The Republican election could damage investor protection.
- The SEC needs to side on the fiduciary duty rule for investors and the accredited investor rule revamp.
- Given the political climate, it is likely that the SEC will not move forward with these investor protection rules.
Is Puerto Rico Heading Towards A Federal Bailout?
Nov. 4, 2014 • 2 Comments
- Puerto Rico's financial condition continues to deteriorate.
- Puerto Rico faces a narrowing liquidity with its cash dwindling.
- Puerto Rico may be forced to seek a federal bailout.
As Market Fear Heightens, Risky And Opaque Structured Notes Make A Comeback
- Recent volatility has led advisers to "push" structured products.
- These products seek to provide market upside and limit risk.
- Investors need full risk disclosure about potential losses.
Will Holder's Successor Also Deem Wall Street Execs 'Too Big To Jail'?
Sep. 26, 2014 • 6 Comments
- Attorney General Holder said that Wall Street criminals will be prosecuted.
- Investors have lost confidence in the system.
- The new attorney general needs to show that no one is "Too Big To Jail."
Like Villains From A James Bond Flick, Hedgies Coolly Play Their Hand In Puerto Rico
Sep. 15, 2014 • 1 Comment
- Hedge funds own 10% of Puerto Rico's bonds.
- The funds are exerting influence over the government.
- The funds are seeking short-term gains at bond holders' expense.
The Puerto Rico Economy Nears The Abyss
- Puerto Rico's economy continues to tank.
- Economic activity has fallen for the 19th straight month to a twenty-year low.
- UBS investor bond holders are sure to suffer.
Wall Street's Breach Of Trust
Sep. 5, 2014 • 7 Comments
- There is no "Fiduciary Duty" rule in place to protect investors.
- The Dodd Frank law gave the SEC the authority to pass the rule.
- Wall Street lobbying has killed the rule.
It's High Time To Put The Investor First And Create A Fiduciary Standard For Brokers
Aug. 26, 2014 • Comment!
- In 2008, Congress authorized the SEC to pass a "fiduciary duty" rule.
- The rule requires stock brokers to put their customers' interests first.
- Wall Street has been lobbying to kill the rule.
Puerto Rico Bondholders See No Light At The End Of The Tunnel
- UBS Puerto Rico Bond fund holders are suffering huge losses.
- Oppenheimer And Franklin Templeton Funds contain large positions in Puerto Rico debt.
- These funds are being crushed.
Puerto Rico's Economy Is Gasping For Air
- Puerto Rico passed a law allowing government corporations to file for bankruptcy.
- Bondholders have challenged the law in court.
- Bondholders are likely to suffer losses.
Is Wall Street Setting Us Up For A Redo Of The 2008 Bubble Burst?
Jul. 17, 2014 • 16 Comments
- Worldwide asset bubble is growing.
- Investors need to beware of a 2008 redo.
- Investors should beware of exotic high yield investments.
The Supreme Court Strikes Again: The Court Rules Against Business And In Favor Of Employee Stock Rights
- The Supreme Court rules for employees in an ERISA class action.
- Fiduciaries are not entitled to a "Presumption Of Prudence."
- Fiduciaries can be held liable for employees' stock losses.
The Supreme Court Deals A Blow To Big Business In Favor Of Investors
- The Supreme Court dealt a blow to big business in the Halliburton case.
- The case preserved the "fraud on the market theory."
- Investors retain their rights to sue in class action cases for fraud.
Investors Get Steamrolled By IRA Rollovers
Jun. 23, 2014 • 25 Comments
- Retirees are rolling over their company 401(k) accounts to IRA accounts.
- Such rollovers often entail higher fees and risk.
- Investors should carefully consider their IRA rollover options.
Hedge Funds And Alternative Investments Are Too Complex And Costly For Mom And Pop Investors
Jun. 18, 2014 • 1 Comment
- Hedge funds have not performed well in the past few years.
- Hedge funds are inherently risky.
- Retail investors should be careful investing in hedge funds.
Investors Should Beware Of Brokers Who Churn
Jun. 9, 2014 • 1 Comment
- Stockbrokers continue to churn customer accounts.
- Churning involves excessive trading to generate commissions.
- Investors should review their accounts for churning.
Did Phil Mickelson Get A Wall Street Mulligan?
- Phil Mickelson is being investigated for insider trading.
- Mickelson received a tip about Carl Icahn's Clorox bid.
- Mom and Pop investors never have this edge.
Investors Are Chasing Yield At Their Own Peril
May. 27, 2014 • 35 Comments
- Investors are piling into risky corporate bonds and pink sheet stocks.
- Investors and financial advisors need to evaluate these risks.
- Investors could get burned if defaults occur.
Retirees, Beware The Variable Annuity 2.0
May. 23, 2014 • 25 Comments
- Variable annuity sales are down.
- New "investment focused" annuities are being issued.
- Investors should beware of these products.