The Derivative Project

Conflicted Financial Advisors

Wells Fargo’s Cross Selling Conflicts Rampant in Wealth Management Too

Wells Fargo was cited by the Office of the Controller of the Currency, Consumer Financial Protection Bureau and Los Angeles City Attorney for fraudulently opening accounts, as reported by the New York Times, last week, Wells Fargo Fined $185 million for Fraudulently Opening Accounts. The Senate Banking Committee plans an…

Financial Education “Poseurs”, Politics and 2016 Liquid Alt “Revolution”

Financial Education “Poseurs”, Politics and 2016 Liquid Alt “Revolution”

It has been a busy week so far dissecting new, disingenuous marketing strategies touted by Wall Street.  Seems just about everyone is now the “white knight” for the middle class retirement investor who is routinely giving up 1/3 to 1/2 of every dollar they save to redundant intermediaries.  However, the…

Labor Day 2015:  Progress from the White House, Barriers from Media Increase

Labor Day 2015: Progress from the White House, Barriers from Media Increase

Lack of Transparency on Cost-Effective Retirement Investment Selection is Fueled by Wall Street’s Advertising that Controls Media and Consumer Message Labor Day 2014, The Derivative Project wrote on the loss of defined benefit pensions and the emergence of intermediaries that are siphoning off billions from American’s retirement nest eggs, without adding…

Senate Republican Testimony Pushed an Agenda that Preys on Middle Class Savings

Senate Republican Testimony Pushed an Agenda that Preys on Middle Class Savings

Primerica’s Schneider, Brookings Institution’s Litan, and Rebalance Inc’s Puritz July 21, 2015 Testimony at Senate Sub-Committee on Health, Education, Labor and Pensions The highlight of the Senate subcommittee testimony this week is perhaps the title of this hearing:  Restricting Advice and Education: DOL’s Unworkable Investment Proposal for American Families and Retirees.…

Occupy Wall Street Will Highlight This Incredible Web of Deceit Finely Tuned by Washington and Wall Street

It is not easy to expose an intricate web of deceit in a short post, but this blog post should be a key 2012 election issue;  if not Occupy Wall Street needs more blankets for a long, cold winter in the park.  They are the future to expose this finally…

Attention Retirement Investors: This is the Legal Issue You Must be Come Familiar With, Although It is a Real Snoozer

One of the raison d’etres of The Derivative Project is assuring retirement investors in qualified retirement plans can have a “private right of action” for abuses/fraud and breach of fiduciary duty by SEC registered investment advisors towards your retirement savings. Yesterday

The SEC Study on “Fiduciary” is not only conflicted, but Harmful to Retirement Investors, our Youth and our Economy’s Future

Here is the Most Critical, Bi-Partisan Issue that the SEC Failed to Address in Their Study on Brokers and Investment Advisors and the Fiduciary Standard There is a crucial, bi-partisan issue, completely lacking from the just-released SEC study on who is a fiduciary for investment advice.   We can no longer…

Why The Average American Is Following The Derivative Project – Mainstream Media Is Clouding The Real Issues

The average American understands economic hardship, high unemployment and recent graduates who have paid for a top-notch education and cannot get employed.  Retirees understand the impact of a stock market that stole their retirement through depleted 401K balances, with no financial advisor telling them to stay on the side-lines with…