A recent article in Investment News reported the planned crackdown on excessive fees charged by the brokerage industry, but how can FINRA regulate their own source of revenue?
A recent alert from the Financial industry Regulatory Authority (FINRA) warns of scams related to extremely high interest rates offered on High Yield Certificates of Deposit (CDS).
What is financial fear? How do you overcome it?
How ignorant are those who don't understand annuities and yet think they are experts A year or so ago, an article written by stockbroker, Brooks Rhys, made a clear and loud statement, “Don’t Buy Equity Linked Annuities!” I have to laugh at the headline now; Mr. Rhys didn’t even know the correct name of [...]
What Your Broker Doesn’t Want You To Know About Variable Annuities Disclaimer: In the early part of my career, I was licensed to sell variable annuities; I no longer maintain my securities license. The article below is gleaned from a wide array of information available to anyone; all you need to know is where to [...]
Recent update: https://www.cnbc.com/2019/01/28/woodbridge-group-ordered-to-pay-1-billion-in-penalties-for-ponzi-scheme-targeting-retail-investors.html In the old movie, The Road to Morocco, Bing Crosby and Bob Hope show their pure comedic brilliance. One of the best parts of the movie is when they become lost in a Moroccan desert and see a mirage, the outcome is hilarious. Of course, the illusion is not real, and they end [...]
Distribution fees in mutual funds are designed to cover ongoing marketing and support cost for services provided to owners of mutual funds. Distribution fees are paid to the sales organizations that provide the clients for the mutual fund company. 12 B-1 fees are subtracted from the mutual fund owners share value. These are fees paid [...]
Finra and annuities