The Occupy Wall Street movement has focused our attention on brokers’ excessive salaries and bonuses. But an article in CFA Magazine suggests that there is a darker side to Wall Street. Sherree DeCovny writes that one out of every ten Wall Street employees is clinically psychopathic.
Would you ask your butcher if eating thick juicy steak is the best thing for your heart? Of course not. You’d expect that his answer might involve a conflict of interest and misinformation.
Fortune recently published an article by Warren Buffett where the Oracle of Omaha divides the investment world into these three asset classes:
An early version of the 2010 Dodd-Frank Act would have eliminated the “broker-dealer exception” from the definition of investment advisor under the Advisers Act and required brokers to abide by the common-law fiduciary standard that investment advisors uphold. Unfortunately that change was put on hold in order to study just how the reform might impact the consumer.
Do you know the meaning of “dumpster diving” “skimming” or “phishing?” According to the Federal Trade Commission (FTC) these are just a few of the methods thieves use to steal your personal information. Dumpster diving involves rummaging through trash looking for bills or other paper with your personal information on it.