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Annuity Salespeople Are All Honest & Competent Because of Special Licensing

I don’t think I have to remind you that this post heading is a MYTH.  What’s astonishing with the case below is not so much the jaw-dropping audacity of the crook but the carelessness of his victims.  Here’s the story, according to an article by Marlene Y. Satter in ThinkAdvisor.  (See my Do’s & Don’ts …Read More


All Advisers Are Well-Versed On Distributions From Retirement Plans

Yes this is a myth.  And here’s a case in point from IRA guru Ed Slott’s recent article in Financial Planning magazine.  The Greens were awarded $50,000 by the arbitrator! PRACTICE FINRA Award Goes to Client After Advisor’s Tax Oversight By Ed Slott April 11, 2016 Twitter   LinkedIn   Facebook   Google +   Email …Read More


THE DEVIL IS IN THE DETAILS

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 …Read More


Self Regulatory Organizations Always Police Their Industries Well

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. …Read More


Self Regulatory Organizations Always Police Their Industries Well

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 …Read More