There were thousands of e-mails that were integral to helping prove the regulators case. The Wall Street Journal this past month has put together a litany of documents that further prove the malfeasance of the major investment houses. These documents are proof that analysts misled the investing public by basing stock recommendations on the firm’s […]
In our never-ending hunt for Wall Street crooks we continue to face-off against the mutual fund industry. From deceptive advertising to ridiculous fees and expenses the fund industry is a large component of what is wrong on Wall Street. Most investors are in the dark when it comes to fees and expenses. All data points […]
The never ending story of Credit Suisse First Boston and their main man Frank Quattrone continues. We have been covering these two crooks for over two years and it still isn’t over. This month the National Association of Securities Dealers states that it plans to file civil charges against Frank. The charges from the regulatory […]
There was a report that someone in Pakistan had published in a newspaper an offer of a reward to anyone who killed an American, any American. So an Australian dentist wrote the following to let everyone know what an American is, so they would know when they found one. An American is English, or French, […]
France and Germany have decided that they know much better than the United States in regards to Iraq, war, and weapons of mass destruction. The United Nations feels that they should have supreme power over the United States. Inspector Clouseau (A.K.A. Hans Blix) and his crew continue to amble around a country the size of […]
I love receiving letters and e-mails from our readers and listeners. This past month I received so many wonderful, inspirational holiday greetings from many of you and I would like to thank everyone for making my holiday wonderful. There was one holiday greeting I received that articulated the problem we are now facing regarding economic […]
Be very wary of investment firms who tout their research as being the best. Institutional Investor Magazine turns out an all-star list every year that many firms use in their marketing pieces to lure new clients. In a recent study by Investars, the truth comes out about these so-called star analysts. In this study 110,000 […]
Most people who have been haphazardly investing in mutual funds are already aware of this, but I am going to remind you again. 90% of stock mutual funds reported negative returns in 2002, this according to Weiss Ratings. This is the third consecutive year that investors have suffered declines in stock funds. The Scorecard -19.22% […]
We have noticed a startling amount of malfeasance in regards to the use of variable annuities. More and more investors who we have helped over the past year have had variable annuities inside their IRA accounts. Investors were being sold a product while their “advisor” was reaping a hefty commission and they were being sold […]
The fines are not over for the big bad brokerage firms. Our country’s largest investment banks are now facing a $3 billion to $4 billion liability from lawsuits arising because of all the conflicts, scams and rip-offs that have been pulled on Americans over the past 5 years. Citigroup said it is setting aside a […]