The game’s afoot. The financial industry is beginning its stealth attack on financial reform. First up: The single speck of potential investor protection that sneaked into the new law.
If activated, the change could push brokers, planners and insurance agents toward selling their clients better investments than they might be recommending now. That happy outcome, [...]
What Jane Says: Government
- Lower Fees on Mutual Funds? Yes, If the SEC Has Its Way
- POSTED 08.27.10
The Securities and Exchange Commission is preparing to break the high fixed prices you pay in sales charges when buy and sell mutual funds. It wants to clear the way for discount brokers to offer funds at a lower cost.
To that end, the commission put out a sweeping proposal earlier this month, to change the [...]
Let me get this straight. Conservative budget balancers say that we can’t afford Social Security. This weekend marks the program’s 75th anniversary. The “anti’s” say it’s past time to phase it out. End socialism in the U.S.! If you’re old and poor, your kids should take you in. Harumph.
The same conservative budget balancers say [...]
Harvard law professor Elizabeth Warren dreamed up the idea of a Consumer Financial Protection Bureau, which Congress authorized as part of Wall Street reform. She campaigned for it tirelessly and understands the issues better than anyone else. She’s the most qualified person, by far, to become its first director – the one that will [...]
You can’t turn your back on Congress for a minute. Just when you think an issue will be settled in favor of investors, a Senator oozes under the door and slides a quick pro-business, anti-investor change into a bill.
That’s how the equity-indexed annuity — a costly product with a woeful past — slipped out of the [...]
