The Derivative Project

Retirement product distribution systems

Wells Fargo’s Cross Selling Conflicts Rampant in Wealth Management Too

Wells Fargo was cited by the Office of the Controller of the Currency, Consumer Financial Protection Bureau and Los Angeles City Attorney for fraudulently opening accounts, as reported by the New York Times, last week, Wells Fargo Fined $185 million for Fraudulently Opening Accounts. The Senate Banking Committee plans an…

Senate Republican Testimony Pushed an Agenda that Preys on Middle Class Savings

Senate Republican Testimony Pushed an Agenda that Preys on Middle Class Savings

Primerica’s Schneider, Brookings Institution’s Litan, and Rebalance Inc’s Puritz July 21, 2015 Testimony at Senate Sub-Committee on Health, Education, Labor and Pensions The highlight of the Senate subcommittee testimony this week is perhaps the title of this hearing:  Restricting Advice and Education: DOL’s Unworkable Investment Proposal for American Families and Retirees.…