The Derivative Project

Politics

DOL and New Fiduciary Duty – What’s Changed?  Nada

DOL and New Fiduciary Duty – What’s Changed? Nada

FINRA and Disputing “Chasing Windmills” With over $14 billion in retirement accounts, Wall Street (the SEC’s FINRA) is charged with protecting IRA investors, from sales personnel steering their retirement assets into inappropriate products and/or high fee products and enforcing all securities laws, passed by Congress. The financial services industry inappropriately labeled sales…

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…

Wall Street, Hillary and a Disingenuous Revolution

Wall Street, Hillary and a Disingenuous Revolution

William D. Cohan wrote in Politico, November 11th, “Why Wall Street Loves Hillary.”  Perhaps just happenstance, but at the very same time, November 10th, a former Clinton Aide, announced his new firm,  Aspiration,  designed to “democratize” investing for the middle class….click here for  “revolution”  so says the Aspiration website. The…

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brillant – Part II

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brillant – Part II

The Whys Behind Super Normal Profits for Wall Street in 401k Plans:   What is Yale Professor Ayres’ proposed solution to protect consumers from Wall Street shenanigans in 401k plans?  Double down!  Now that the facts and transparency are coming out about the skimming, over the last 30 years, from workers’…

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brilliant – Part I

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brilliant – Part I

Yale Professor Ian Ayres has the solution for any retirement investor that might dare to opt-out of a poorly performing 401k plan default option and seek to select an investment that is in his or her best interest.  Here is the link to his proposal, in a February 2014 white…

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…

Why Didn’t the SEC and Congress Investigate the Goldman/Libya Trades?

Why Didn’t the SEC and Congress Investigate the Goldman/Libya Trades?

  Reuters reported today “Libya Sues Goldman Over Losing Trades“.   No surprises here, just regrets the SEC and Congress did not do more sooner.  A billion dollar investment, that loses almost 100%, and generates more income to the “investment advisor”, than the client, is worth investigating as a fundamental…

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…

Retirement Investors: A Huge Reason to Ditch Money Market Funds Now

We have written in previous Blog Posts about the concept of “voluntary recapture.”  Well, look out it is coming!  Time to protect your .01% money market yield, from the fees that money market funds believe they deserve for babysitting your cash. September 3, 2012 Blog Post:  Attention Retirement Savers:  Time…