The Derivative Project

Regulatory Capture

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…

Twitter May Be Replacing Traditional Role of Equity Analysts

The Derivative Project presents the positive outcome of #JPM.  As the Financial Times article linked to in the above Tweet explains, J P Morgan Vice Chairman Jimmy Lee’s willingness to respond to questions on a Twitter Chat revealed quickly, the “public” has serious questions about the role of J P…

FINRA Survey Identifies Rampant Fraud by “Advisors”: SEC, FINRA – Look In the Mirror

The FINRA Investor Education Foundation released a September 2013 study, Financial Fraud and Susceptibility in the United States, on rampant fraud in the retail investment arena, where 1 in 4 retail investors have been subject to fraud.  The executive summary of this survey states: 1. The ubiquity of fraud solicitations, coupled…

The Fiduciary Debate is But A Sideshow: The Underlying Question is Capitalism or Dependency?

The continuing debate in Congress, the SEC and the Department of Labor on who is and who is not a fiduciary to American’s retirement savers is but a sideshow.  The retirement crisis, can be traced in part to the conflicted role of the middleman advisor, which can be summarized 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…

Why Financial Literacy Efforts Failed: Wall Street Wrote the Curriculum and Spread the Message with the help of Public Radio

Experts are baffled by why all the tax dollars and private money flowing into K-12 Curriculum and private foundation support has failed to make a dent in American’s financial literacy score. Here is brief synopsis at CNBC, June 4, 2013, Financial Literacy Efforts Get Failing Grade. With a focus on…

Do Most Americans Want Deregulation? Finally, House Democrats Push for Honest Debate

“The least we could do is have an honest debate on these issues. Why don’t we have this debate in front of the American people? We may lose, but at least we’ll have educated people as to what we’re talking about.”  —Congresswoman Waters, in a June 12, 2013 Press Release…

SEC Chairman White Thinks a Law Degree is What is Needed to Protect Retirement Savers

In just one month since taking office,  new SEC Chairman Mary Jo White has shown her true colors: an overriding allegiance to the demands of Wall Street over the life savings of retail retirement investors. Let’s remind Chairman White over $2 trillion dollars of American’s retirement savings were needlessly lost…

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…