By: Matthew Arndt, CFA, CPA, CFP | January 22, 2010 | The Politicians, The Regulators

There is a developing proposal that requires congressional approval which is intended to limit among other things speculative trading activity at large banks that receive blanket guarantees from U.S. taxpayers through FDIC insurance and other Governmental assurances. Branded the Volcker Rule after its originator former Federal Reserve chairman Paul Volcker, it imposes tougher standards on [...]

By: Matthew Arndt, CFA, CPA, CFP | January 22, 2010 | The Politicians, The Regulators

“Fed may have overpaid on AIG settlements: French banks received 100 cents on the dollar in a November 2008 deal with the Federal Reserve to settle trades with American International Group.” (Bloomberg 1/20)
Why does it appear that the Fed overpaid on AIG settlements? The answer seems obvious; to protect the counter-parties that entered into colossally [...]

By: Matthew Arndt, CFA, CPA, CFP | January 22, 2010 | Illegal Schemes & Scams, Ponzi Schemes

The U.S. Securities and Exchange Commission alleges from 2007 through 2009, 51-year-old Steve W. Salutric a co-founder of investment advisery firm, Results One Financial in Elmhurst, IL, misappropriated several million dollars from his clients, one of which included a 96-year-old suffering from dementia.
According to the complaint, in addition to other crimes, Salutric embezzled over $400,000 [...]

By: Bryan BeattycloseAuthor: Bryan Beatty Name: Bryan Beatty
Member: Member Paladin
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Email: bbeatty@ebwllc.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1967
About: Bryan is a 1991 graduate of University of MD with a BS in Finance where he was the President of the Finance, Banking and Investment Society. He is a Certified Financial Planner TM (CFP) Practitioner and a member of the Financial Planning Association. Bryan has been assisting clients in all aspects of investment and retirement planning since 1992. An avid lifelong musician Bryan plays guitar and writes music in his spare time and occasional plays area venues. Originally from Baltimore MD, Bryan has lived in Northern Virginia since 1992. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and which it awards to individuals who successfully complete initial and ongoing certification requirements.See Authors Posts (5) | January 20, 2010 | Investor Information, The Politicians

In Cincinnati , OH Kevin O’Brien was banned from the securities industry by FINRA the industry regulatory body. 2 months later he was chosen to manage the towns $35 million dollar budget.

Why is this important?
Mr. O’Brien is still holding himself out as a financial advisor/professional and was appointed to a local political position. Corruption in [...]