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, training […]

It’s that time of year when the fresh sprouts of fraud emerge from your composting private information.  One of the best ways to nip fraud in the bud is to overcome your embarrassment and turn in people who rip you off.  Here is the best place to do that, when it comes to your Federal […]

Well, according to a recent survey by John Hancock Retirement Plan Services (as reported by the American Retirement Association) there is “an impressive retirement preparations gap among those who use the services of a financial advisor”(sic) and those who do not. Here are some stats: Regarding 401(k)s, those with advisers were more than twice as […]

Well, according to a recent survey by John Hancock Retirement Plan Services (as reported by the American Retirement Association) there is “an impressive retirement preparations gap among those who use the services of a financial advisor”(sic) and those who do not. Here are some stats: Regarding 401(k)s, those with advisers were more than twice as […]

First, we need a glossary to deconstruct this myth that has been circulating among various conspiracy websites: CTR- Currency transaction reportFinCEn- Financial Crimes Enforcement NetworkSARS- Suspicious Activity Reports FinCen was created by the Bank Secrecy Act and Anti-Money Laundering legislation.  Obviously, it was designed to prevent criminals from hiding ill-gotten gains.  (Just little annoying criminals, […]