These articles have been compiled from the last 25+ years and are archived here to serve as an incredible free resource for our long time listeners and those new to the show. Topics range from financial planning basics to politics, life, the economy and more.
Fidelity Brokerage Services is being fined a $2 million fine by securities regulators to settle claims that its employees deliberately altered and destroyed branch-office records before internal inspections in 2001 and 2002. The SEC has found that Fidelity’s employee’s violated books and recordkeeping rules and the company failed to supervise employees who tampered with the […]
Merrill Lynch, Morgan Stanley and Citicorp agreed to pay $250,000 each for failing to comply with orders for them to produce documents in 20 arbitration cases. This is the largest arbitration related fine ever levied by the NASD. This is another example of how the deck is stacked against the investor when taking on the […]
Congress and the Securities and Exchange Commission are falling all over themselves trying to figure out how they are going to go about regulating the growing hedge fund industry. All of the regulatory bodies including Congress, the Securities and Exchange Commission, the National Association of Securities Dealers, and the usual Attorney Generals have failed miserably […]
More lies, greed and manipulation. That is the synopsis of a report put out by securities regulators regarding the sales practices used by sellers of variable annuities. The report painted instances of, “Deliberate deception. Sloppy paperwork. False Statements.” We have warned investors for years about the widespread improper use of annuities. Brokers love variable annuities […]
Rock star, actress, and all around dirtbag Courtney Love knows who is to blame for her numerous problems…President Bush! This past year Courtney has gone broke, been arrested for causing a disturbance on an airplane, been arrested for drugs, lost her daughter, and almost killed a fan at a concert by throwing a microphone stand […]
Are professional baseball ticket prices driving you nuts? Well they are about to go up again. An appeals court in Newark, New Jersey ruled that fans that get hit by foul balls could sue. I can hear the commercials already, “Are you a victim of pro-baseball negligence, have you ever been served warm beer, cold […]
We received an incredible amount of e-mail questions this past month. In this segment we took some of the more frequent questions and answered for all. Remember our Q & A e-mail line is always open, if you have any questions send it to me at CHRIS@MINVEST.COM. EVERYONE HAS AN OPINION ON ASSET ALLOCATION MODELS, […]
“Is an “Underperform” stock in an “Outperform” industry more attractive than an “Outperform” stock in an “Underperform” industry?” The April 26th, 2004 issue of the Wall Street Journal, Susanne Craig and Ann Davis asked this valid yet confusing question. We at the Markowski Monthly have been warning investors that, despite Eliot Spitzer’s infamous stock research […]
The mighty NASD strikes again! The NASD censured and sanctioned Bear Stearns, Morgan Stanley and Deutsche Bank for handing out hot IPO’s to their buddies and friends and subsequently overcharging them. Bear Stearns agreed to pay a $4.95 million fine, Deutsche was ordered to payout $5.29 million, and our old friend Morgan Stanley had to […]
We keep hearing how obese Americans are. However, Krispy Kreme Doughnuts just stated that the low-carb diet trend has hurt sales. Because Krispy is coming up short in its expectations, a wonderful law firm in Pennsylvania is suing them because they should have known better. The complaint names members of Krispy Kreme’s senior management as […]
Very quickly and very quietly this past month justice was handed out to the highest bidder. The winner, as usual was Citigroup. Citigroup will set aside 4.95 billion dollars for legal costs that include settling claims that it lied to investors about the real prospects of some of their investment banking clients such as, WorldCom, […]
Curiosity got the best of me and I wanted to find out how the three examples cited performed since their IPO. I also wanted to know what their underwriters thought of them and what they think of them now. Pac-West Telecomm This company went public at $10 and closed the first day at $18.44. The […]