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
18 Aug 2017

Lending Industry Faces Huge LIBOR-Related Costs Due to Bank Fraud

The recent news that the worldwide LIBOR interest rate is going to be replaced after years of scandals about it being rigged by some of the world’s largest banks has started a slow-motion earthquake that is going to rattle interest rate lending worldwide. It also is going to be one

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
03 Feb 2017

Caveat Emptor: Trump’s Move to Revoke Dodd-Frank Means More Anti-Investor Initiatives Coming

The Trump administration’s announcement today that it is moving to revoke the individual investor protections is bad news for unsophisticated, individual investors who are having a hard time saving for retirement and making higher return investments. Today’s announcement is the culmination of hundreds of millions of dollars spent on lobbying

Chuck Epstein 0
23 Jan 2017

Trump Moves to Repeal the Pro-Investor Fiduciary Standard

Despite its claims to be for “all Americans,” the Trump Administration is moving fast to repeal the historic pro-investor fiduciary ruling that let’s 401(k) investors know the fees, expenses and conflicts-of-interest their financial advisor and 401(k) providers are receiving when selling them mutual funds and annuities for their retirement accounts.

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
14 Dec 2016

Wells Fargo Fraud Continues As It Sells Insurance Policies to Unsuspecting Customers

I think this is only the second time I have posted something directly from another site that was not original, but it is an important story on how far Wells Fargo has gone to deceive its own customers, many of whom don’t speak English, in order to sell life insurance

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
22 May 2016

Time for Outsiders To Emerge in the Financial Services Industry

Being a political outsider has captured the attention of the American electorate in the last decade or so and is now been credited with generating a fundamental re-assessment of the national political establishment.  Now, it’s time for outsiders to emerge in the financial services industry. Why? Simply because the “financial services industry,” a term

Chuck Epstein 1