The big brokerage firms are laughing at you. Our avid readers are already aware that we are very upset about the “slap on the wrist” penalties levied against the big investment firms. These “white-shoe con-artists” have fleeced Americans for billions upon billions of dollars while their penalty was nothing more than the equivalent of a […]
One of the “white shoe “ brokerage firms that has managed to keep itself out of the spotlight and above the fray over the past few years is Morgan Stanley. The Markowski Monthly has been the only publication that has chronicled the devious works of this storied institution. We highlighted in both the May 1999 […]
Merrill Lynch threw a temper tantrum this past month by ordering all their offices worldwide to turn off CNBC. I have articulated on many occasions how and why the CNBC’s and other business publications censor criticisms of their big advertisers. This past month Merrill Lynch switched over to Bloomberg Television because of what one of […]
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 […]
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 […]
Eliot Spitzer and his band of regulators required that the ten large cartel firms would have to fund some independent research scheme to the tune of $450 million. There were some superb points about the “repentance” part of the settlement brought to light by Emily Lambert and Michael Freedman from Forbes Magazine, which needs to […]