Wall Street Ethics Category

There are thousands of people in America who make hundreds of millions of dollars per year selling billions of dollars of bad investment products to people who believe what they are told by personable advisors. Like the political aristrocrats, the Wall Streeters are focused on perpetuating themselves. Other top priorities include big salaries, bonuses, stock options, extraordinary benefits, private planes, and lavish surroundings. Once they have it all they will do whatever it takes to keep it. Sounds kind of medieval doesn’t it.

By: Matthew Arndt, CFA, CPA, CFP | August 25, 2010 | Deceptive Sales Practices, Wall Street Ethics

Is your advisor unexpectedly changing his business model or practices? Do you suddenly find yourself in front of your advisor with him telling you all about the virtues of his new fee-based business? Explaining to you the merits of why his managing your portfolio for a fee is beneficial to you? Do you wonder why [...]

By: DFreecloseAuthor: DFree Name: Debbie Freeman
Email: debbie@paladinregistry.com
Site: http://www.paladinregistry.com
About: See Authors Posts (14) | August 10, 2010 | Wall Street Ethics

Wall Street is an interesting study if you think about it. On one hand, they spend millions of dollars a year in advertising, promoting their services to investors. I’ll forever remember one commercial where a couple was sitting in their living room talking about how safe they felt because they had a bull (in their [...]

By: DFreecloseAuthor: DFree Name: Debbie Freeman
Email: debbie@paladinregistry.com
Site: http://www.paladinregistry.com
About: See Authors Posts (14) | July 1, 2010 | Wall Street Ethics

I guess you could consider this a positive indicator, however, it just doesn’t feel quite right. Manhattan apartment sales have reported an 80% (yes, 80%) growth rate since 2008. Much of the demand and growth can be attributed to Wall Street which has added up to 6800 jobs from February through May of this year. [...]

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (87) | February 9, 2010 | Conflicts of Interest, Wall Street Ethics, Who Can I Trust?

Wall Street is counting on the short-term memories of millions of investors who need their services so it can return to business as usual.
Two times in the past decade Wall Street greed and incompetence created trillions of dollars of losses for investors. You might think investors would be fed up and pull their assets [...]

By: Matthew Arndt, CFA, CPA, CFP | February 5, 2010 | The Regulators, Wall Street Ethics

Just when you thought the ill stench wafting from Wall Street couldn’t get any worse. A recent U.S. report details how large American banks like Citigroup, Bank of America, and JP Morgan Chase facilitated the laundering of hundreds of millions of dollars on behalf of corrupt foreign officials who were subjects of criminal investigations into [...]

By: Jack WaymirecloseAuthor: Jack Waymire Name: Jack Waymire
Email: jack@paladinregistry.com
Site: http://paladinregistry.com
About: Jack writes for the InvestorWatchdog website and Worth magazine. He worked in the financial services industry from 1976 to 2004. For twenty of those years he was the president of a Registered Investment Advisory firm and a Broker/Dealer. Jack is the author of Who's Watching Your Money? The 17 Paladin Principles for Selecting a Financial Advisor and is a co-founder of PaladinRegistry.com.See Authors Posts (87) | January 27, 2010 | Investor Information, The Politicians, Wall Street Ethics

There are aristocrats in the U.S., but membership in this exclusive club is not based on bloodlines, it is based on money and political power. The new aristocrats are key executives of major companies who control the money and Washington politicians who control the power. Politicians need money to gain and retain power. Executives need favorable regulations to maximize profits and bonuses. They work [...]