The Derivative Project

Manadatory Arbitration

This Schwab Ad Epitomizes the Disingenuous Advice Industry: Buyer Beware

Charles Schwab was once a leader in doing what is right—a low cost leader – a pioneer in discount commissions.  They are still an excellent custodian and their online tools are top notch. However when Schwab moved into “packaging product” and became the purveyors of “advice” to the retirement industry, they…

Book Review: Larry Doyle’s In Bed with Wall Street: A Must Read, a “Book that Matters”

While many have grown so tired with the hashing and re-hashing of why our systems failed us in the 2008 and 2009 financial crisis, Larry Doyle’s new book, released today, In Bed with Wall Street – The conspiracy crippling our global economy– should be read, shared and discussed, not just by…

Why the Debate on Fiduciary Duty is Meaningless without End to Mandatory Arbitration

Congress, the Department of Labor and the SEC are all fiercely debating if a stockbroker should act in the best interest of a retirement saver.  Based on current contract agreements an individual retirement investor signs when he opens up an IRA, any claims for losses in their IRA are subject…

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It was just announced that the Consumer Federation of America (CFA) has withdrawn its support for Chariman Bachus’ and Representative McCarthy’s Bill, as it is designed now, to have FINRA oversee Investment Advisors in addition to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…

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…