The Derivative Project

FINRA

The Department of Justice and The U.S. Taxpayer v AIG

U.S. taxpayers had forgotten about, or never really understood, (due to the misrepresentative reporting on the fraud perpetuated by AIG) how they were duped. Taxpayers, here is another opportunity to see justice served for all the economic hardships following the 2008 financial crisis.  It is not to “get even” it…

Ameriprise vs Ameriprise: Even Wall Street Knows the Rot…Is that Why Potential Treasury Secretary Pick Chenault Sold It?

Ameriprise employees are suing Ameriprise over breach of fiduciary duty for putting their retirement savings into more expensive funds, packaged by Ameriprise.  Yes, that is self-dealing and a breach of fiduciary duty.  That is what every retirement investor is faced with in every 401k account today.  That is what every…

The Second Loss of Farmers’ Segregated Funds Calls for Sweeping Regulatory Change

Reuters reported earlier this morning, “MF Global Redux Feared as Broker said Missing Another $220 Million”,  another significant loss of our nation’s farmers’ segregated funds.  Reuters states:  “Less than nine months after MF Global’s collapse sent shock waves through U.S. futures brokerages, news that more than one-half of customer funds…

Post Script to “Here is One Simple Solution to Stop Investor Fraud”

It was just announced that the Consumer Federation of America (CFA) has withdrawn its support for Chariman Bachus’ and Representative McCarthy’s Bill, as it is designed now, to have FINRA oversee Investment Advisors in addition to stockbrokers. Yet, it still endorses the idea!  Yes, the SEC’s annointed advocates and the…

Why Hasn’t Financial Reform Happened? The “Investor Advocates” Work for Wall Street

National Public Radio had a report this afternoon on All Things Considered, “Investors Question Fairness of Facebook IPO” on the debacle of the Facebook IPO and the role of lead underwriter, Morgan Stanley. “From Morgan Stanley’s point of view this is a bad dream that is turning into a nightmare,…

The Confluence of Retirement Investor Confusion and the Lack of a Private Right of Action

SEC Commissioner Luis Aguilar spoke April 11, 2012 “Defrauded Investors Deserve Their Day in Court.” Here is a link to his speech  and his brief history of the right of private action and securities laws. To quote Commissioner Aguilar: “In the United States we have a strong belief that, whether rich or…

Retirement Savers Need A Bona Fide Advocate and Their Day in Court

Third Dodd-Frank Fiduciary Standard Proposal Allows Private Right of Action MINNEAPOLIS, April 13, 2012 /PRNewswire via COMTEX/ — On April 3, 2012, The Derivative Project, a Minnesota-based non-partisan, investor advocacy organization, delivered a Petition for Rulemaking to the Securities and Exchange Commission. The purpose of the Petition is to restore…

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