Dalton — Last week the main regulatory body for brokers took another shot at regulating wayward financial advisors and whiffed. I won’t drag you through the details of the new SEC disclosure and compliance requirements (the final document is 524 pages), but it doesn’t do enough to protect investors. You know all those documents you get and never read when you invest in something? Well, apparently the regulators deem it sufficient to bury the fact that the broker doesn’t have to have your best interests in mind in legalese. The new regulations fail to properly inform investors that financial advice given by a broker may be solely incidental, and mostly its intent is to drive revenue to the financial firm and the broker.
For weeks now, ever since Christmas Eve, stocks have climbed almost straight up. It has been a classic “V” shaped recovery in the markets. We are due for a break, but who knows when.
Want your boss to give you a raise? Or are you the boss and want a raise yourself? Simple—identify a problem to be able to solve it.
In the 2019 fiscal budget, the Department of Veterans Affairs received over $200 billion in spending. That’s a 6% increase over last year and counts as the largest amount ever received by the VA. The money will go...