I hope it isn’t getting too redundant for me to remind you gentle readers that the headings of these posts are MYTHs. This one is no exception. Sort of. Depending on who they work for and the kind of work they do, financial advisers are indeed somewhat screened by regulators. After all, there are education, […]
All Financial Advisers Are Screened by State and Federal Regulators Read More »
This blog heading is colloquially true, especially when it comes to Investment Adviser contracts. A recent review of compliance violations found- first of all- that 22% of advisers didn’t have contracts with their clients. A contract isn’t required unless a fee of some kind is collected from or owed by a client. So if you
THE DEVIL IS IN THE DETAILS Read More »
Well of course that’s not true. None of them do, from the FCC to the SEC. But some do a better job than others.FINRA (the Financial Industry Regulatory Authority) seems to do a fair job considering their financial and political constrictions, as you can see below. But out of 637,000+ brokers, they only examined 4500.
Self Regulatory Organizations Always Police Their Industries Well Read More »
Ok, this is NOT a myth. These steps come verbatum from the ever-helpful IRS. RS Security Awareness Tax Tip Number 3, December 7, 2015 Español The theft of your identity, especially personal information such as your name, Social Security number, address and children’s names, can be traumatic and frustrating. In this online era, it’s important
Seven Steps for Making Identity Protection Routine Read More »
I wish this were a myth, but there will always be misguided people who prey on the hopes and fears of the gullible, not realizing that with the same or less effort they could make an honest living! On the State level here are the most pernicious frauds being perpetrated here in Oregon:http://www.doj.state.or.us/releases/pdf/2014_top_ten_complaint_list.pdf The list
Top Financial Frauds for 2014 to avoid in 2015 Read More »