Insurance Industry Lobbying Group Accused of Thwarting Fiduciary Standard...
The struggle for financial reform became more interesting this week as an association representing financial planners accused an insurance industry lobbying organization of trying to kill the adoption...
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Are Florida Insurance Policy Holders Entitled to Rebates?
From the perspective of individual investors, revenue sharing is the Trojan Horse of the mutual fund industry. That means most investors have no idea that when they buy an actively-managed load fund,...
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Wall Street Adrift and the Scourge of Financial Engineering
Corporations vs. Their Own Employees “Wall Street sort of lost its way, in that investment banking has become a function not of allocating capital properly, but levering capital and levering the...
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“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 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...
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Financial Fraud Prosecutions Hit 20-Year Low: Study
Federal prosecutions fof certain financial crimes has reached a 20-year low, according to a new report from the Transactional Records Access Clearinghouse (TRAC) at Syracuse University. The report...
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Top 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....
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Why 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....
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When 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...
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SEC 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...
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Can 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 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:...
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Revenue sharing lawsuit costs plan sponsor $35 million
In what is being called the first suit involving revenue sharing and fee disclosure and heightened transparency, a Missouri company has been ordered to pay $35 million to current and former plan...
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Principal 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...
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Are Retirement Planners Whistling Past the Graveyard?
The retirement situation is changing so rapidly that it’s not realistic to continue practicing retirement planning like advisers did a few years ago. The new political and investment reality is leaving...
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Can Mutual Fund Wholesaler’s Salaries Be Justified?
Support Progressive Journalism 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...
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Why Mutual Fund Companies Want You To Be Confused
Most of the discussions about the need for greater transparency in financial transactions have centered on the need to adopt greater fiduciary responsibilities. But there is also another reason:...
View ArticleClik here to view.
Revenue sharing lawsuit costs plan sponsor $35 million
In what is being called the first suit involving revenue sharing and fee disclosure and heightened transparency, a Missouri company has been ordered to pay $35 million to current and former plan...
View ArticleClik here to view.
Principal 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...
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