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GET YOUR MONEY BACK! Misconduct and malpractice. Investment industry "best and worst practices". Information to improve public protection. Expert witness services for industry and investors. Forensic investment analysis. • View topic - YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

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Re: YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Tue Apr 14, 2015 9:49 am

http://www.newswire.ca/en/story/1515135 ... nt-hearing

Screen Shot 2015-04-14 at 10.48.38 AM.png


3 things included between the lines, in this self regulatory "settlement" agreement speak volumes to experts like Ken Kinenko of http://www.CanadianFundWatch.com Thanks to Ken for sending this "settlement" along.

First is the fact that while a CIBC branch manager is found to have failed to protect the public…..it is NEVER the CIBC which is sanctioned by IIROC (the industry-hired nephew as regulator).

In a bad analogy, CIBC, (or pick any mega bank which pays these "regulators" up to $700,000 per year) is like the Chinese military, in that they have thousands of soldiers who can take a hit, if they ever get caught. CIBC itself seems to never face the sanction...

Second is that while investment salespeople ALWAYS use the title "advisor" when advertising or marketing themselves, yet when being chastised by a related regulator, a license category or descriptor (registered representative) is used instead of the marketing label. (misrepresentation sanctioned before our very eyes by the related regulator)

Third is that there is never (with a family member as "self" regulator) a time when abused and/or victimized clients by giants such as CIBC (and of course others) actually get their money back, or are made WHOLE after this entire exercise in facade regulation.

For an insightful read, and literally a one-in-a-million opportunity to see what banks like CIBC can get away with in our Canadian self-regulatory system, read the Judge's comments in Markarian v CIBC. (Short version is CIBC wrongly pocketed the entire value of an elderly mans account, due to the fraud of one of CIBC's "advisors". The word "fraud" is repeated 155 times by the judge)

http://investorvoice.ca/Cases/Investor/ ... etsInc.htm
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Re: YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Sat Apr 13, 2013 10:02 pm

OSC approves MFDA AMENDMENTS TO MFDA RULE 2.2.1 (KNOW-YOUR-CLIENT) and POLICY NO. 2 MINIMUM STANDARDS FOR ACCOUNT SUPERVISION

http://www.osc.gov.on.ca/documents/en/M ... rule2-2-1- policy2.pdf

The MFDA made the following changes to the current Rule 2.2.1 and Policy No. 2:
 clarified that the suitability of leverage must be assessed having regard to the client's investment knowledge,risk tolerance, age, time horizon, net worth, income, and investment objectives;
 codified minimum criteria standards for members and approved persons in assessing the suitability of client leveraging;
 provided guidance on the type of documents the MFDA’s members will be required to review and maintain to facilitate proper supervision of a leveraging strategy;
 clarified the respective obligations of the registered salesperson and branch and head office supervisory staff in assessing the suitability of investments and leveraging strategies; and
 clarified that the obligation to review leveraged trades and leverage recommendations at the branch and head office applies to accounts, other than registered retirement savings plans and registered education savings plans.

leverage
rules
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Re: YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Sun Nov 18, 2012 10:43 am

Screen Shot 2012-11-18 at 10.38.24 AM.png
By IAN SALISBURY
TEN THINGS MUTUAL-FUND COMPANIES WONT TELL YOU

Runaway pay, powerful lobbies and rising fees are diminishing the value of the humble mutual fund.

1 "Cheaper funds often outperform pricey ones."

If there's one thing people assume when shopping, it's that the more something costs, the better it is. But when it comes to mutual funds, cheaper—not pricier—usually means better.

Research shows low cost rather than past performance is the best predictor of future returns. "It's the only industry where price correlates inversely to the quality of the product," says William Birdthistle, a law professor at the Illinois Institute of Technology.


2 "We can't beat the market."

For baseball players, batting .300 has always been a magical goal. For mutual-fund managers, it's "beating the market." That means when the Standard & Poor's 500-stock index is up 10%, they are up 11%. If not for the drag put on returns by investment costs, blind luck alone would guarantee that roughly half of funds would beat the market in any given year.

But only about one in three mutual funds beats its target over the past five years, financial-data firm Morningstar reports. And many academics who've studied mutual-fund returns say shopping around for market-beating mutual funds is typically a waste of time.

3 "When skill fails, we just double our odds."

Imagine a school with more teachers than students, or a restaurant with more chefs de cuisine than place settings. That's something akin to the situation in the mutual-fund world.

There are just under 5,000 stocks listed on major U.S. exchanges. By contrast, there are more than 8,500 mutual funds and exchange-traded funds, by Morningstar's count.

Some say that large number of funds will inevitably lead to lower prices, but others offer a more skeptical take: A bigger roster of funds boosts the odds that at any given moment, one or two will be handily beating the market, says independent consultant Geoff Bobroff.

4 "People aren't buying our product…"

While mutual funds that aim to beat the market remain by far the most popular variety, in the wake of the financial crisis of 2008 they've been losing ground to cheaper alternatives.

Since 2008, investors yanked about $1 trillion from traditional active stock funds, while pouring $600 billion into benchmark-hugging index funds, according to researcher EPFR Global.

5 "…except when we pay them kickbacks."

Index funds would perhaps be gaining even more ground on pricier stock picking if not for an important but controversial advantage enjoyed by many active fund companies: cash they pay to intermediaries like big Wall Street brokerage houses that employ armies of financial advisers to peddle their funds.

"It's basically kickbacks," says John Freeman, an emeritus professor of business and professional ethics at the University of South Carolina Law School.

The industry has long disputed the notion that the payments, which can be earmarked to cover record-keeping costs or for educational events like conferences, are in any way inappropriate or that they skew brokers' judgment.

6 "Hedge funds are our idols."

One type of mutual fund that has grown by leaps and bounds since the financial crisis are those that mimic hedge funds. While Morningstar counted just 112 such funds in 2007, today there are more than 300.

But some critics worry that even the strategies that have proved successful for hedge funds won't translate to the mutual-fund world, where portfolio managers face far more restrictions on how they can run funds.

7 "Our boards are rubber stamps."

Sitting on a fund board may be the best part-time job in the world: Directors, often paid hundreds of thousands of dollars per year, typically meet for just two weeks out of every year.

Advocates say boards play an important role in vetting things like trading practices and making sure fees are in line with competitors'.

8 "Blame us for runaway CEO pay."

Executive pay is set by company boards of directors. But shareholders elect directors and, since the Dodd-Frank financial reform bill, enjoy a direct although nonbinding vote on executive pay, too. Mutual funds, which collectively own about one-fourth of all the stocks in the U.S., are the largest individual shareholders of almost every big company.

But critics say mutual funds have mostly reacted with shrugs to headline-grabbing pay packages. One study by the AFL-CIO found the 40 largest fund firms approved executive pay about 85% of the time.

9 "We played a starring role in the financial crisis."

What most Americans understand about the financial crisis in September 2008 is that it started with investment bank Lehman Brothers, whose collapse set off a kind of domino effect that reverberated throughout the economy. What they may not know is that one of the first and biggest dominoes to fall was a money-market mutual fund—the Reserve Fund—whose losses led to the value of its shares falling below their $1 peg.

The government stepped in to temporarily guarantee about $2 trillion in money-market fund holdings—a move the fund industry played down. Then-Treasury Secretary Henry Paulson called it "the single most powerful and important action taken to hold the system together before Congress acted" to pass the bailout bill that October.

10 "Our lobby crushed bipartisan efforts at reform."

There isn't much liberals and conservatives agree on when it comes to financial reform. But making sure the government won't have to backstop money-market funds again would seem to be one of those rare issues to win support from both sides.

Can't lose, right? Wrong. When Securities and Exchange Commission Chairman Mary Schapiro proposed changes to make money funds safer, the industry's powerful Washington lobby, the Investment Company Institute, argued investors would move out of money funds and into riskier instruments.

SEC Commissioner Luis Aguilar, considered a key swing vote, then came out against the proposal for that very reason.

http://online.wsj.com/article/SB1000142 ... 35832.html
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Re: YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Mon Nov 28, 2011 12:33 am

20080108121139_00018.jpg
DAILY INVESTMENT MULTI-VITAMIN
Nov 28, 2011

GET YOUR MONEY BACK!

If you or someone you know has lost money with the help of an “advisor”, you should research the GET YOUR MONEY BACK topic and also the SELF REGULATION IS DECRIMINALIZATION topic at http://www.investoradvocates.ca
You might find that you have been victimized by investment malpractice.

FREE investing info. Over 500,000 Canadians saved from becoming “fish food” for the investment industry.
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Re: YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Tue Nov 22, 2011 9:36 pm

Screen shot 2011-08-11 at 12.10.02 PM.png
DAILY INVESTMENT MULTI-VITAMIN
Nov 22, 2011

Find yourself someone who gives you a written "fiduciary" duty to advise you professionally and NEVER deal with a commission salesperson who "calls" himself or herself an "advisor".

viewtopic.php?f=1&t=110#p3099

FREE investing info. Over 500,000 Canadians saved from becoming “fish food” for the investment industry.
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Re: YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Mon Nov 21, 2011 5:47 pm

images.jpeg
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DAILY INVESTMENT MULTI-VITAMIN
Nov 21, 2011
If you are dealing with a retail salesperson at an investment dealer, I can say with conviction that you are: 1) being negligently misrepresented as to their license, title, qualifications and job description, 2) probably being preyed upon financially for their commission, and in no real way obtaining "advice" as you are led to believe. There are professional solutions available to you which will both increase your chances of investment success, and lower your cost of investing from the level of a retail commission salesperson.
[url]
viewtopic.php?f=1&t=180&p=2507&hilit=bill+of+rights#p2507[/url]
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Re: YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Sun Nov 20, 2011 11:26 am

51K8RZ6GnEL._BO2,204,203,200_PIsitb-sticker-arrow-click,TopRight,35,-76_AA300_SH20_OU15_.jpg
51K8RZ6GnEL._BO2,204,203,200_PIsitb-sticker-arrow-click,TopRight,35,-76_AA300_SH20_OU15_.jpg (23.92 KiB) Viewed 16099 times
Nov 20 2011
DAILY INVESTMENT MULTI-VITAMIN

A gift idea for the person in your life interested in learning all they can about money and finance: First to learn more about where money comes from I recommend “THE CREATURE FROM JEKYLL ISLAND” an aptly named classic that looks at the creation of the Federal reserve in 1913. How the boys did it, and what “it” is. (it affects you)

Second is rather appropriate to where we stand today, almost 100 years after the creation of the Fed. It is called “WHEN MONEY DIES” and is subtitled “The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany”. I am only 40 pages into it, and it is like reading a narrative of where we are today, complete with protests, social movements, political intrigue, everything. Imagine reading a book which is describing situations nearly 100 years ago which are going on again today.
Screen shot 2011-11-20 at 11.25.59 AM.png

Investment tricks of the trade and sales malpractice taught at http://www.investoradvocates.ca
FREE investing info. 500,000 Canadians saved from becoming “fish food”.
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Re: YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Fri Nov 18, 2011 9:15 am

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DAILY INVESTMENT MULTI-VITAMIN
Keep in mind that 2% less returns (or more fees) will cause your future investment value to be double (or cut in half) over a 35 year period. Are you paying retail and losing half your retirement, or doing things to learn how to invest at wholesale?
http://www.investoradvocates.ca has a topic titled “solutions, self defense and best practices” that will guide you to methods of professional investing, at wholesale cost levels.

Investment tricks of the trade and sales malpractice taught at http://www.investoradvocates.ca
FREE investing info. 500,000 Canadians saved from becoming “fish food”.
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Re: YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Tue Nov 15, 2011 10:30 pm

Mutual Funds.jpg
https://docs.google.com/document/d/1WRTP15l7qg8t_xSUbhLuwWE_2KfKjvROIJsjp0O2ijw/edit
Canadian Mutual fund fees.........how Canadians lose more than half their retirement to fees..........
Investment tricks of the trade and malpractice articles at http://www.investoradvocates.ca
FREE investing info. 500,000 Canadians saved from becoming “fish food”.
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Re: YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Tue Nov 15, 2011 10:28 pm

Picture 4.png
Posted tues, nov 15th
DAILY INVESTMENT MULTI-VITAMIN
To see how badly you can be treated in a self regulated investment industry, read the judges comments in the case “Markarian V CIBC World Markets”. It is found here http://investorvoice.ca/Cases/Investor/Investor_Cases.htm

“Self regulation is decriminalization”
Investment tricks of the trade and malpractice articles at http://www.investoradvocates.ca
FREE investing info. 500,000 Canadians saved from becoming “fish food”.
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YOUR INVESTMENT MULTI-VITAMIN FOR TODAY

Postby admin » Mon Nov 14, 2011 6:53 pm

YOUR INVESTMENT MULTI-VITAMIN FOR TODAY: "Write a letter to your investment "advisor", and ask them specifically (1) if they owe a fiduciary duty to you or to your account, and (2) if they owe you a duty to place your financial interests ahead of theirs. http://www.investoradvocates.ca will pay a $500 reward to the first Canadian to send me a clearly written "yes" answer to those questions from a major retail firm, a firm as large as one of the big bank owned brokerages. If you cannot get an affirmative answer, ask yourself why you are dealing with them and what they are doing to you."

Screen shot 2011-08-11 at 12.10.02 PM.png

click once to enlarge, twice to zoom in

(when you get your rejection from any responsibility letter.......take your money and go look at this group:
http://www.portfoliomanagement.org/
they have actual "advisor" licenses, they do not work on commission, they work at wholesale rather than retail fees, (if you qualify) and they DO give you a fiduciary duty in writing)
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