27 Aug 2015

When Politicians Become Made Men

When politicians are in office, they see the huge money luring them to vote in a certain direction. When they leave office, they are free to more openly pursue that huge money. All they need to do is shed the veneer of respectability. When they openly take the money and

Chuck Epstein 0
24 Aug 2015

Why Severe Market Drops Are Fool’s Mate for Individual Investors

Fool’s mate happens in chess when a player, often a novice, is boxed into a position where any action leads to defeat. That’s the case for individual investors today as evidenced by the record 1,089 point drop in the Dow-Jones Industrial Index in first few minutes of trading on August

Chuck Epstein 0
20 Aug 2015

How Wall Street’s Bankers Stayed Out of Jail

NOTE:  This web site very rarely publishes articles from other people (this is only the second one), however, this is an exceptional article by author and former JP Morgan Chase executive  William D. Cohan who gives a detailed account of how the banks have taken over the U.S. justice system

Chuck Epstein 0
17 Aug 2015

DOL Seeks to End Victimization of Investors

In the never-ending debate about the retirement advisor industry’s adoption of the fiduciary standard–aka, giving a customer an even break–a Department of Labor (DOL) official has cut to the chase and said the fiduciary rule would effectively change the advisory business culture. And that’s exactly why the industry hates the

Chuck Epstein 1
16 Aug 2015

Etsy’s Social Responsibility Creates an Ethical-Business Dilemma

What happens when a company that espouses financial transparency with all of its customers and shareholders suddenly shifts gears and changes its structure to hide financial information in order to pay fewer taxes? Should the company still be trusted by its customers? Does it still meet the standards of being

Chuck Epstein 0
14 Aug 2015

LIBOR-Rigging Banks Reach A Deal and Conquer the World

In the latest part of this long saga about big rigging of the London Interbank Offering Rate (LIBOR) that began in the early-1990s, eight of the world’s largest banks have agreed to pay a little over $2 billion to settle charges that their traders rigged the world’s largest benchmark for

Chuck Epstein 0
13 Aug 2015

The Great Opportunity to Link Progressive Investors with Progressive Financial Advisors

As the current presidential campaign season develops, economic and financial concerns about the income gap, wage stagnation and retirement financial security have become paramount issues. But as history has shown, political power is intertwined with economic power. This is true more today in the U.S. more than ever before. The

Chuck Epstein 2
12 Aug 2015

The Great Opportunity to Become Progressive Financial Advisors

Financial services providers who are disenchanted with their broker-dealers or who simply want to re-invent themselves as decidedly pro-investor advisors have a great opportunity today to re-make themselves into Progressive Financial Advisors. Progressive Financial Advisors (PFA) would be a distinct genre of financial professionals and would provide much more than those adopting the

Chuck Epstein 0
06 Aug 2015

Former Attorney General Eric Holder’s Pathetic Example for Prosecuting Financial Crimes

Maybe it was just bad timing, bad politics, bad people or a bad system, but for anyone concerned about law enforcement and the delivery of justice to the afflicted, the administration of U.S. Attorney General Eric Holder from 2009 to 2015 was a mockery of the law and a great

Chuck Epstein 0
02 Aug 2015

Wonder Why 401(k) Participants Are Not Saving Enough? They Don’t Have the Money

Willie Sutton, the infamous bank robber, said he robbed banks because that was where banks kept the money. He was correct. Today, 401(k) educators, financial planners and benefits administrators freely complain that participants are not saving enough because they are not disciplined enough. They are wrong. The answer to why workers don’t save

Chuck Epstein 0