03 Dec 2016

If You Hate Financial Regulations, You’ll Love This

One of the core conservative beliefs of the Republican Party is to loosen or remove regulations, but a new proposed law by a conservative Senator raises the ante on eliminating regulations by forcing them to receive Congressional approval. This should make financial industry lobbyists salivate at the proposed law since

Chuck Epstein 0
01 Oct 2016

Time for Equity Analysts, States and Individuals to Re-Think Their Wells Fargo Recommendations

Wells Fargo (WFG), the nation’s third largest bank, which generates over $5 billion in earnings per quarter, could soon be charged with securities fraud as a result of its scheme to surreptitiously open new accounts for unsuspecting customers. While news reports say the fraud was widespread and was known to

Chuck Epstein 0
22 Sep 2016

Wells Fargo: Buy, Sell or Nationalize?

Pity the poor equity analysts. When faced with making their final formalized, profound analyst recommendations after extensive number crunching and model analysis, the analysts only can make three conclusions: buy, sell or hold.  Of course, this can be modified by a “strong” or “weak” recommendation, but maybe there are more

Chuck Epstein 0
06 Apr 2016

Should the Retirement Industry Accept Some Blame for the Retirement Crisis?

Social responsibility has been a buzzword in corporate America for decades, but nowhere has it been more conspicuously vacant than in the recent stories about the pending retirement crisis that is currently facing millions of Americans. At issue is whether the retirement industry, comprised of investment, mutual fund and insurance

Chuck Epstein 0
09 Feb 2016

Sanders’ Claim That The “The business model of Wall Street is fraud” Goes Unchallenged by Wall Street

“The business model of Wall Street is fraud.” or, to put it another way, “The business model of Wall Street is conflict-of-interests.” By far, the most pointed statement made so far in the 2016 presidential campaign (at least, as far as the financial services industry is concerned) has been the single

Chuck Epstein 0
30 Dec 2015

Hedge Funds Push Conservative Candidates to Maintain Their Edge

When you are a master of the universe, you have to make sure your place on earth is secure. That’s why the nation’s largest hedge funds have been pushing the odds, gaming the system, working to get the edge and hedging their bets to get the most bang for their

Chuck Epstein 0
05 Nov 2015

The Investment Company Institute Again Betrays Individual Investors

The leading trade association of the $16 trillion in assets (as of year-end 2014) mutual fund industry has again shown its distain for individual mutual fund shareholders. In a recent letter to Congressional committee, the president of the Investment Company Institute (ICI), the mutual fund industry’s leading lobbying group, went

Chuck Epstein 0
20 Oct 2015

Senate Addressed Fiduciary vs. Conflict of Interest at Goldman Sachs

The more it changes, the more it is the same, is a paraphrase of a French proverb, but in this interesting exchange between Senators and Wall Street executives in 2010, in this case Goldman Sachs, the issues of ethics, fiduciary responsibility, and conflicts of interest were aired for one of the first

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
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