Neil Cavuto and Dennis Kelleher on FOXBusiness News:
“Justice Department sued over JPMorgan deal”
Eliminating hidden conflicts of interest in investment advice. Financial professionals should offer investment advice tailored to the best interests of each individual worker’s or retiree’s financial needs goals. Unfortunately, financial advisors at wall street brokerages are allowed to offer and profit from investment advice that is riddled with hidden Better Markets sent a letter to Department of Labor Secretary Tom Perez detailing why it is so important for financial advisors to act in their client’s best interest and rebutting the industry’s baseless arguments against it. The choice is an easy one: a strong clear rule prohibiting
ICYMI: ‘The Watchdog that Didn’t Bark’ & CPI’s Polk Award. The Better Markets Bloghas posts on two recent media stories you may have missed: “The Watchdog that Didn’t Bark,” a new book by Dean Starkman, is a must-read. Starkman studies the history of the financial news media and analyzes why it failed to report on the 2008 financial crash before it was too late. “After the Meltdown,” the Center for Public Integrity’s series on the too few, if any, consequences for Wall Street CEOs responsible for the 2008 financial crash, recently won the George Polk Award for Journalism. The Polk Awards have been called “one of only a couple of journalism prizes that means anything.” Starkman’s book and CPI’s work center on the importance of investigative journalism, and the fourth estate’s increasingly rare but vitally important role in holding public individuals and institutions accountable.