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Securities Industry

Fiduciary Rule: The Real Agenda

Dan Solin | Posted 07.07.2016 | Business
Dan Solin

There's a powerful agenda behind the opposition to the rule proposed by the U.S. Department of Labor (DOL) requiring that advisors to retirement plans be fiduciaries: The securities industry wants to preserve its ability to give conflicted advice. There's a lot at stake.

The Battle Over the DOL's Fiduciary Rule Gets Dirty

Dan Solin | Posted 06.23.2016 | Business
Dan Solin

The battle over a rule proposed by the Department of Labor, which would require retirement plan advisors to be fiduciaries to plan participants, has descended to a new low. The securities industry lobby has been earning its keep, persuading some members of Congress that putting the interest of plan participants first is actually a bad idea. No mean feat.

The Active Fund Industry Is Desperate

Dan Solin | Posted 05.03.2015 | Business
Dan Solin

Much of the massive securities industry is based on this false premise: There are "gurus" or "experts" who can identify mispriced equities, tell you when to get in or out of the market, pick mutual fund managers likely to outperform and are otherwise endowed with predictive powers.

Reform You Don't Need the Government to Implement

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

As for the securities industry, I can only hope that investors will abandon them in droves, and finally recognize them as emperors with no clothes.

Candidate Donations From Special Interests: Up As Much As 90%

Nancy Watzman | Posted 05.25.2011 | Home
Nancy Watzman

As the cost of running for elected office continues to rise, candidates must ask for more money from well-heeled special interests -- who are more than happy to oblige.