The Derivative Project

Conflicted “investor advocates”

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…

Regulatory Capture and the Critical Role of “Poverty Stricken” Consumer Advocates

The Project on Government Oversight (POGO) held a debate on their excellent recent report on the revolving door, “Dangerous Liaisons” at the SEC last week, in New York City.  At this Debate, Susan Antilla, journalist and columnist for Bloomberg, Highlighted Plight of “poverty stricken consumer advocates.” “If you look at the rulemaking information that the…

Wall Street’s “Investor Advocate” Misrepresents Money Market Reform

The issue of money market reform is a crucial issue for our nation’s financial system.  The problem is now exacerbated by articles by Wall Street, presenting information that is not factual and distorting the issues to benefit the securities industry.  This is no more evident than this shocking “Commentary” published…

“Investor Advocates”: More on the Wolves in Sheep’s Clothing

The Derivative Project, non-partisan, has been working to ensure the American economy is rebuilt after a devastating financial crisis, based on sound economic fundamentals, not speculative trading in credit default swaps on the demise of corporations and sovereign debt. The Derivative Project’s main focus is on protecting and enhancing American’s…

Why Hasn’t Financial Reform Happened? The “Investor Advocates” Work for Wall Street

National Public Radio had a report this afternoon on All Things Considered, “Investors Question Fairness of Facebook IPO” on the debacle of the Facebook IPO and the role of lead underwriter, Morgan Stanley. “From Morgan Stanley’s point of view this is a bad dream that is turning into a nightmare,…