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) | June 15, 2009 | Investor Information, Who Can I Trust?

A recent BusinessWeek article, http://bit.ly/Obama-finance-fix,  described the Obama administration’s backing away from necessary reforms that would protect investors from some of the financial service industry’s most predatory sales practices.

Just so you know, Wall Street executives spend hundreds of millions of dollars per year on lobbyists to influence the votes of corrupt politicians.  This massive amount of money from a major special interest group has one purpose – buy influence and votes so regulations favor companies and not investors.

One of these days, investors may wake-up and stop buying investment products from companies that advertise trustworthiness, but spend millions to defeat regulations that would benefit their clients.

Big tobacco companies used the same strategy until the disastrous consequences of smoking couldn’t be hidden anymore. 

You are not as powerless as you may think you are!