The short scoop on Wall Street's claim that the DOL rule is too long
The core of the Labor Dept's rule is 237 words; blame the prolix portion on exemptions accorded to complainers' interests
|July 19, 2016 — 6:53 PM UTC|
Part II: Tick, tick ... How FINRA tramples on 'settled' principles of the Supreme Court, and even Adam Smith, in its sanctification of two-hatted advice
The 'best interests' standard of the stock cop ignores classical arm's-length principles, of economics and the law, implicit to the entrusting of care to professionals by evoking wonders of bare-knuckles capitalism
|February 1, 2016 — 8:13 PM UTC|
Tick, tick, tick ... FINRA rewrites 'culture,' 'conflicts of interest' and 'ethics' into a farcical 'best interests' code after DOL drops a bomb on its suitability ethos
In its latest burst of bureaucratic creativity, the wirehouse cop acknowledges the scourge of Wall Street culture then quickly excuses the behavior it elicits
|January 29, 2016 — 6:33 PM UTC|
Why Wall Street's DOL killer threat -- that 'millions' of IRA investors will go unadvised under new rules -- is hogwash
Investors already have options and Wall Street's withdrawal, already in progress, can only improve investor outcomes
|June 8, 2015 — 10:29 PM UTC|
Where Barbara Roper and Ron Rhoades lose traction in their fiduciary arguments
Lay fiduciary decision-makers have difficulty in discerning conflicts of interest.
|March 2, 2015 — 6:19 PM UTC|
Why I disagree with Don Trone's characterization of Obama's fiduciary stance as 'punitive'
The essential component of fiduciary duty -- loyalty -- is what separates the advisor from the salesperson, according to fellow fiduciary advocate Ron Rhoades
|February 27, 2015 — 12:06 AM UTC|
As President Obama takes the gloves off, pro-broker groups throw up 'sledgehammer' response
After a lot of waiting around FSI calls this news 'the real thing'
|February 24, 2015 — 8:31 PM UTC|
What Tony Robbins should remember when he talks 'fiduciary'
The five-syllable word represents an attitude, way of life and something you should grasp for the good of investors
|December 8, 2014 — 8:44 PM UTC|
TD Ameritrade pulls off amazing Summit in DC that reveals rot to the core of SEC, FINRA and ERISA system
A consumer panel sobered the crowd off the bat with war stories and then Ron Rhoades, Mercer Bullard, David Tittsworth, Sheryl Garrett, Tom Nally, Marilyn Mohrman-Gillis and others pulled no punches
|September 18, 2014 — 5:54 PM UTC|
Why RIAs (Republicans, too) need to snap out of willful ignorance about climate change to claim the mantle of wealth stewardship
Conscientious financial advisors must engage in real due diligence of original documents related to this subject
|May 20, 2014 — 6:37 AM UTC|