25 Aug 2017

Why Bad PR Forced Principal Life to Settle Its Fiduciary Violations Lawsuit in Record Time

What happens when one of the nation’s largest financial services firms victimizes its own employees?  Simple. It produces one of the fastest financial settlements in court history.   In the case of Krystal M. Anderson and All Others vs. Principal Life Insurance Company, a lawsuit filed in the United States

Chuck Epstein 0
21 Aug 2017

Nation’s Largest Banks Sued by Pension Funds for Market Manipulation

It looks like the nation’s biggest banks cannot help preying on their own customers, large and small.  The latest case involves the esoteric world of securities lending, which is used for short selling and for hedge funds and is an important means of eliminating “failed” transactions.  In exchange, the lender

Chuck Epstein 0
07 May 2017

Health Care Turmoil Now, Pension Turmoil Tomorrow

First they came for your healthcare. Next, they are coming for your pensions. Yes, it looks like the $3 trillion healthcare industry, as well as pensions in the U.S. are going to go through a major transformation. And, while the final form of the health care is yet to be

Chuck Epstein 0
06 Mar 2017

Trump Declares War Against Investors

It certainly is no surprise that the Trump Administration has declared war on individual investors and will only make it more difficult for millions of Americans to have a financially secure retirement. For millions, there may be no retirement at all or certainly one which will have a lower quality

Chuck Epstein 0
09 Feb 2017

Judge Rules Conflict-of-Interest Has No Place in Investing, But Investors Must Still Beware

When a federal court judge ruled on Feb. 8, 2017 that the U.S. Department of Labor’s fiduciary rule must still stand despite furious protests from the financial services lobby, it did not mean individual investors would automatically be protected from errant financial rep who continue to sell products that are

Chuck Epstein 0
06 Feb 2017

How $17 Billion Annually Goes Into the Pockets of the Financial Industry and Not Investors

What does $17 billion mean to you? If you are an American investor, you should take note since this is your money. If you are in the financial services industry, you should take note because it is the money you get from fees, expenses and rebates that unsuspecting investors pay

Chuck Epstein 0
27 Jan 2017

JPMorgan Chase Faces Fee and Conflicts-of-Interest Charges in Lawsuit

It seems the more it changes, the more it’s the same. Conflicts-of-interest and charging excessive fees seem to be part of the DNA of major banks (such as  Deutschbank and its $10 billion money laundering scheme out of Russia and Wells Fargo), insurance companies and investment firms when it comes to selling

Chuck Epstein 0
15 Jan 2017

Bad News For the Retirement Industry: 401(k)s and IRA’s Fail Compared to Pension Plans and Milton Friedman Was Wrong 

Two of the cherished gems of the investment and retirement industries are being criticized as failing and this means more bad news for Americans planning for retirement. The first gem to be tarnished was shown in an eye-opening research report from the Economic Policy Institute about the failure of 401(k)s and

Chuck Epstein 0
02 Jan 2017

Fees, Revenue Sharing and Deregulation: How the New Trump Plan Will Raise Retirement Costs

The Republicans have never hid their distain for regulation and now with the surprise victory of Donald Trump and his arch conservative vice president, the simmering Republican distain for reversing all things from the 1930’s New Deal will are going to be reviewed and partially reversed . This will take

Chuck Epstein 0
10 Nov 2016

With Trump in Office, It’s Time for Progressive Financial Advisors to Start New Marketing Campaigns

Since the unthinkable has happened and Republicans control the White House and Congress, it’s only a question of a few short months before intense efforts start to dismantle the DOL fiduciary rule, Dodd-Frank and all other major regulations that provides transparency to individual investors. This is sad news for those industry professionals

Chuck Epstein 0