Posted by Larry Doyle on October 28th, 2013 7:42 AM |
How do the executives running FINRA reconcile that mandate with the fact that problematic issues raised by Senator Ed Markey (D-MA) back in the mid-1990s continue to be outstanding today? In a recent letter sent by Markey to FINRA CEO Richard Ketchum, the Senator from Massachusetts writes,
I was alarmed to learn that arbitration awards and settlements do not show up in FINRA’s BrokerCheck database because brokers have been able to successfully expunge the information. (more…)
Posted by Larry Doyle on October 1st, 2013 8:59 AM |
With the shutdown of our government overnight, the proverbial lights in Washington have significantly dimmed and the finger pointing begins in a fashion that seems all too similar to a junior high school lunchroom.
Yet while Uncle Sam is not open for business today, our nation faces another enormous issue right around the corner as well, that is, the debt ceiling.
Some may think the costs of shutting down our government and playing chicken with the debt ceiling are not significant given that our overall level of interest rates remain low. But why is that? Because the Fed is purchasing upwards of 90% of net new debt issuance. (more…)
Posted by Larry Doyle on August 27th, 2013 11:53 AM |
Has there ever really been a doubt that Larry Summers would be the next chairman of the Federal Reserve?
Not in these parts.
Remember, President Obama — just like his predecessors — will announce who the chairman of the Federal Reserve will be, but that does not mean that he actually makes the selection.
Who do I believe really makes the selection or has veto power over the president’s choice?
Posted by Larry Doyle on October 25th, 2012 10:16 AM |
I personally believe the exchange I had with a farmer located in central Michigan is so important that I hope people who come to the site will not pass over this but might actually try to put yourself in this individual’s position. TYVM…..LD
I grew up parochially having been taught that “thou shalt not steal” meant you leave your hands off what is not yours.
The quote referenced above came to me from a farmer in central Michigan who remains entangled in the MF Global debacle.
Why is it that so many people in our nation and around the world have such little trust in our government and those charged with protecting their interests in the markets? (more…)
Posted by Larry Doyle on September 21st, 2012 8:54 AM |
The pen is mightier than the sword.
We are living through truly historic times. I am firmly convinced that the challenges and issues we face today will fill many a book tomorrow.
I truly love this blog for the very simple reason that it provides a voice to me and others to express and share informed opinions on a host of topics.
As we continue to navigate the twists and turns of our economic landscape, at this point in time I would welcome hearing from you, the readers of this blog. Could you take a few short moments and respond to this one question poll? (more…)
Posted by Larry Doyle on August 24th, 2012 5:13 AM |
I guess I could address another in a long line of financial scandal or another rendition of “kick the can”. I think I will defer. As with any effort, there is always a benefit to pause and reflect. So on that note, I will do just that and return to regular commentary after Labor Day.
Perhaps those who enjoy coming to Sense on Cents might care to navigate the site and peruse the extensive links and resources, which I find to be of real value in my own personal pursuit of the truth.
As I take pause and reflect, I hope you can do the same. To that end and while we endure what some may deem the normal hand to hand political combat of another Presidential campaign, I hope this 4-minute video might be able to provide some semblance of perspective. (more…)
Posted by Larry Doyle on July 31st, 2012 10:06 AM |
In the same spirit as that which inspired those who signed our Declaration of Independence, I welcome attaching my name to the following proclamation in support of HR 757 for real investor protection. What makes the proclamation highlighted below so special? It is truly a grass roots effort. As noted attorney Helen Davis Chaitmain asserted:
People are contributing money for these ads in order to educate the electorate that our representatives (and the SEC) have forgotten that they represent the people. They have allowed Wall Street (“SIPC”) to renege on its statutory obligation to insure each brokerage account up to $500,000. Why would any honest hard-working American vote for someone who doesn’t support this bill?”
Posted by Larry Doyle on July 15th, 2012 11:31 AM |
Although many outlets and institutions within our society deem discussion of traditional family structures to now be off-limits or politically incorrect, the simple fact is our society is suffering tremendously from the breakdown of the two parent family.
The Obama administration and others continually try to score political points by railing on the income gap in America. The real issue in our nation is the education gap.
A lack of education is very often a precursor to a life of poverty. What is increasingly the missing ingredient for many suffering the pains and anguish of poverty? (more…)
Posted by Larry Doyle on June 16th, 2012 6:27 AM |
It is not quite 6am on Saturday morning.
How did I start my day? The same way I start every Saturday morning. I just read my favorite columnist, The Wall Street Journal’s Jason Zweig.
Long ago I inducted Zweig into the Sense on Cents Hall of Fame. He earns that honorable distinction regularly. How so? Zweig takes his readers into corners of Wall Street not often traveled. After reading his work, I always come away impressed and more informed.
For example, over the last few weeks, Zweig wrote of a portfolio manager at Blackrock who perhaps had “too much skin in the game”. That is, “investors’ skin” in “his game”. Conflict of interest, perhaps? If there is any doubt that Zweig is an impact player, do you think it is pure coincidence that after Jason Zweig broke this story two weeks ago, the PM just stepped down from his responsibility managing the fund. (more…)