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 guarantee or a guess, which would you choose? Guarantees or a future guess, which would you choose? Annuities are annuities. The term annuity, when used as a noun, can mean two entirely different products. According to Investopedia, the definition of an annuity is: An annuity is a contractual financial product sold by financial institutions [...]
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 [...]
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 [...]