Author Topic: Get Ready for Regulators to Peer Into Your Portfolio  (Read 587 times)

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Offline flowers

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Get Ready for Regulators to Peer Into Your Portfolio
« on: May 04, 2014, 12:45:57 PM »


Offline EC

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Re: Get Ready for Regulators to Peer Into Your Portfolio
« Reply #1 on: May 04, 2014, 03:20:38 PM »
This is one of those "6 of one, half a dozen of the other" things.

Balancing oversight with over-reach.
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Offline Oceander

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Re: Get Ready for Regulators to Peer Into Your Portfolio
« Reply #2 on: May 05, 2014, 01:07:39 PM »
... and a very good way to get immediate access to information about most peoples' financial wealth; and knowledge is, as they say, power.  Here's the catch-phrase, FINRA wants to focus on "firms that are placing investors at high risk..."  What does that mean?  If a broker invests my retirement funds in growth stocks instead of income stocks, is he putting me at high risk because of the added risks of growth stocks?  Will every investment other than investment-grade bonds be considered "high risk" because of the volatility of the stock markets?


Here's how this could play out:  FINRA monitors for a while and then concludes that there is too much "high risk" in how retail accounts are traded overall, and then commands that all such accounts be placed only in government-approved investments; of course, mirabile dictu, the list of approved investments will include US debt.

And when that doesn't work out because FINRA manages to "find" that there's still too much "high risk," all retail investment portfolios will be presumed to be for retirement purposes and will be seized by the government and replaced with social security defined benefit arrangements.
« Last Edit: May 05, 2014, 01:14:30 PM by Oceander »

Offline EC

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Re: Get Ready for Regulators to Peer Into Your Portfolio
« Reply #3 on: May 05, 2014, 05:08:49 PM »
Damn - that were cynical. Not saying it's inaccurate though
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Offline truth_seeker

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Re: Get Ready for Regulators to Peer Into Your Portfolio
« Reply #4 on: May 05, 2014, 05:58:21 PM »
Any "system" build by and for government is most likely going to be packed full of mistakes, not to mention fraud and misapplications downstream.

Think Obamacare. Or what they have done in a short time to screw up medical care, insurance and costs--they can do to other industries, too.

Add to the insured numbers, with $2500 annual savings per household?  How about the opposite?

Any experience with military, defense and aerospace procurement? $150 hammers?



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Offline Oceander

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Re: Get Ready for Regulators to Peer Into Your Portfolio
« Reply #5 on: May 05, 2014, 06:14:44 PM »
Damn - that were cynical. Not saying it's inaccurate though

See Argentina.  At this point it's merely realistic.

Offline EC

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Re: Get Ready for Regulators to Peer Into Your Portfolio
« Reply #6 on: May 05, 2014, 08:09:57 PM »
Any experience with military, defense and aerospace procurement? $150 hammers?

Never did procurement - other than the "creative" kind. As in outright stealing what we needed to do the job. If it's a choice between filling out a ream of paper and waiting for 4 weeks or hitting the armory that can be unlocked with a bent pin and a few curses, I'll take the second every time!  :tongue2:
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Offline PzLdr

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Re: Get Ready for Regulators to Peer Into Your Portfolio
« Reply #7 on: May 14, 2014, 12:10:14 PM »
Damn! I need new glasses! I thought the title read "Get ready for Regulators to PEE into your Portfolio". On second thought, we may both be right.  :beer:
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