The Derivative Project

Legal Issues with IRA’s

Congressional Capture Hasn’t Captured Senator Al Franken

Congressional Capture Hasn’t Captured Senator Al Franken

Regulatory capture is rampant, fueling the ongoing retirement crisis and the ongoing skimming of American’s retirement nest eggs by Wall Street financial intermediaries.  There is also a shocking proliferation of Congressional Capture.  As Firedoglake wrote, “Wall Street Lobbyists Literally Writing Bills in Congress.” There are so very few in Congress…

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…

Introducing the Goldman Syndrome – Review of B. U. Professor Bodie’s Book: Why Academics and Industry Blame Investors for 2008 Retirement Losses

The Derivative Project is introducing a new term, in honor of ex-Goldman Director Greg Smith, “the Goldman Syndrome.” The Goldman Syndrome:  It is a situation when Wall Street does not act in the best interests of its clients, despite being “fiduciaries”.  It is defined as a circumstance when Wall Street…

GOP Joins the Democrats Asking DOL to Put Wall Street Profits Over Safety of IRA’s

One would think with farmers losing cash in the MF Global collapse last month, that  is still missing -in-action, Congress would begin to think something is “rotten in Denmark” and start to put the farmers and main street Americans over Wall Street.  Congress continues status quo, putting Wall Street’s interests…

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