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Monthly Archives: September 2016
Head SEC HFT regulator signs up to work for the enemy
The revolving door between finance cheaters and regulators is well oiled and completely unencumbered. Recall that Ben Bernanke unashamedly took a plum consulting gig with HFT market-skimmer-extraordinare firm Citadel, after he retired from head of the Federal Reserve. Well another … Continue reading
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Fiduciary standard terrifying financial ‘advisors’ across the world
After decades of queering rules, abusing trust and lobbying against higher standards, the financial business is in full on panic mode about the prospects of an incoming fiduciary standard (having to put the best interests of clients ahead of the … Continue reading
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Warren to Wells Fargo execs: “either you knew or you should have known”
Bankers have developed a habit of taking credit and cash for apparent upside while avoiding responsibility and any liability when things go bad. This one-sided bet is not available to the rest of us and it has to end for … Continue reading
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