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Can Wall Street Kill a Fiduciary Rule?

Barbara Roper | Posted 04.03.2015 | Business
Barbara Roper

An explosive new blog post at AdvisorHub purports to quote a high-ranking Morgan Stanley executive deriding the notion that Wall Street would ever allow a real fiduciary standard to be applied to its business. The arrogant assumption that Wall Street runs Washington and the patent disregard for investor well-being give the alleged emails a convincing ring.

Rosy View of SEC Regulation at Odds With Reality

Barbara Roper | Posted 03.25.2015 | Business
Barbara Roper

In an increasingly frantic effort to derail new protections for retirement savers, SIFMA, the self-described "voice of the U.S. securities industry," has purchased yet another study that purports to show why a pending Department of Labor (DOL) proposal to require all financial advisors to put their customers first is unnecessary and inappropriate.

Industry to DOL: (Don't) Mind Your Own Business

Barbara Roper | Posted 04.26.2015 | Business
Barbara Roper

In addition to shedding crocodile tears over the potential harm to middle-income savers if brokers have to start acting in their customers' best interests, financial services firms and their lobbyists have increasingly voiced their outrage that the Department of Labor believes it has a role to play in regulating retirement advice.

Financial Firms Fight to Protect their Right to Profit at Customers' Expense

Barbara Roper | Posted 04.07.2015 | Business
Barbara Roper

Ever since the Department of Labor proposed several years ago to close regulatory loopholes that allow financial firms to offer conflicted retirement advice without having to act in the best interests of the retirement savers who rely on that advice, financial services firms have been nearly apoplectic in their opposition.

Taming the Wolves of Wall Street

John D. Rogers | Posted 04.02.2014 | Business
John D. Rogers

It's no wonder that our propensity to cut corners is heavily influenced by our environment and peers.

Investors Cheer for More Enforcement

John D. Rogers | Posted 01.23.2014 | Business
John D. Rogers

Five years on, there is still plenty of public resentment for the lack of visible enforcement actions dating back to the crisis. But lately, U.S. regulators have been flexing their muscles with a more pointed and aggressive approach to finding and punishing miscreants.

Do You Trust Your Financial Advisor?

John D. Rogers | Posted 10.20.2013 | Business
John D. Rogers

To build an enduring investment business takes more than brains and toughness. Success starts with values that clients care about most -- starting with trust.

Building a More Trustworthy Financial Industry That Better Serves Society

John D. Rogers | Posted 08.19.2013 | Business
John D. Rogers

Markets around the world are beginning to recover from the financial crisis, for which we can all be thankful, but now is not the time to count our bonuses and pat ourselves on the back.

Should You Hire A Woman To Do This?

The Huffington Post | Posted 05.22.2013 | Women

Should female investors seek out female financial consultants? That's the question posed by Geoff Williams of U.S. News Money. He spoke with Karen ...

I Have A Dream--Wall St And Social/Digital Media Become Facebook Friends

April Rudin | Posted 07.22.2013 | Business
April Rudin

We cannot lose sight of the reason for compliance and the "spirit" in which it exists. But we need to recognize that we need a new way to maintain the regulatory spirit and discard those ideas that are no longer relevant in a world of Facebook, Twitter, LinkedIn, blogging, social media, posts, 'likes', endorsements, comments and opinions, all of which appear in real-time.

Two-Fifths Of Families Live On The Edge

The Huffington Post | Khadeeja Safdar | Posted 07.25.2012 | Money

Nearly two-fifths of American households are living on the edge financially. According to a report from the Consumer Federation of America and the ...

Protesting Students, Striking Faculty

Joseph A. Palermo | Posted 07.02.2012 | College
Joseph A. Palermo

As the student loan debt in the United States surpasses $1 trillion for the first time in the nation's history, thirteen courageous students from six California State University campuses will be engaging in civil disobedience in the form of a hunger strike until university leaders agree to freeze tuition.

California State University: The Coming For-Profit Train Wreck

Joseph A. Palermo | Posted 05.20.2012 | College
Joseph A. Palermo

Amidst a serious economic downturn in California, the California State University Chancellor and the Trustees' insistence on maintaining gigantic executive salaries has revealed their detachment from the economic realities facing California's students.

Ramona Emerson

Code For America Fellows Tackle Municipal Nightmares

HuffingtonPost.com | Ramona Emerson | Posted 06.18.2012 | Technology

Shortly after arriving in Santa Cruz, Calif., Ruthie BenDor decided to get a bicycle permit. It wasn't as easy as she might have hoped. The permit,...

Extraordinary Popular Delusions and the Madness of Crowd (Funding)

Barbara Roper | Posted 05.06.2012 | Business
Barbara Roper

Although the bills making up the JOBS Act are typically described as "non-controversial," they have been severely criticized by leading securities law experts and are opposed by investor advocates and unions, among others.

SIFMA Hypocritically Protests CFTC User Fee Plan

Barbara Roper | Posted 04.23.2012 | Business
Barbara Roper

I'm left to wonder, what is the source of SIFMA's sudden cost-consciousness? Because I don't seem to recall ever having heard the association express similar alarm over the costs to investors of the $20 billion or so Wall Street manages to scrape together for bonuses each year.

Obama To Approve Fuel Efficiency Standards

The Huffington Post | Tara Kelly | Posted 09.25.2011 | Green

President Obama is close to a deal with automakers on proposed plans to introduce new fuel efficiency standards for cars and light trucks from 2017-20...

Growth, Interrupted: Teen Moms Fight to Save Innovative School (and Farm)

Leslie Hatfield | Posted 08.15.2011 | Green
Leslie Hatfield

The fate of an innovative Detroit high school where parenting teens can bring their kids to school for high quality early childhood education, and farmwork is integrated into the curriculum, is all but sealed. But they're not going down without a fight.

Ryan Grim

Elizabeth Warren: Consumer Bureau Must Fight For Survival

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

WASHINGTON - Elizabeth Warren pressed consumer advocates to fight on behalf of the newly created consumer protection bureaus she's heading up, warning...

California: Killing the Goose that Lays the Golden Eggs

Joseph A. Palermo | Posted 05.25.2011 | Los Angeles
Joseph A. Palermo

Scwharzenegger and the Republicans who control California's finances have concluded it's not even worth trying to compete with India and China anymore, as evidenced by the "restructuring" of the California State University system.

Stealing From California's Young People

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

By blocking any new revenue streams to fund higher education, Governor Arnold Schwarzenegger and the Senate Republican minority are not only taxing California's young people and their families, they are crippling the state's future.