Bill Singer analyzes the arbitration between NRP Financial, Inc., National Retirement Partners, Inc., and NRP Advisors, Inc., Claimants, vs. Walker Bafs Retirement Group, Inc., Wade Alan Walker, and Jeffrey Brian Bafs, Respondents.
No, I’m not “happy” with the outcome of either the financial reform legislation or SEC v. Goldman Sachs. I’m a cynic, and, to that extent, let’s just say that my worst fears have come to full realization.
Amidst all the hard-luck stories of failed brokerage firms and unemployed stockbrokers, a frightening problem appears to be emerging: the elderly are increasingly being targeted by unscrupulous stockbrokers.
Now that the SEC has announced yet another public meeting of yet another advisory committee, Bill Singer thinks it is just one more laughable event in an endless stream of idiocy.
As Bill Singer explains, veteran Wall Street journalist Dan Jamieson recently shed light on yet another troubling example of the impotency of Wall Street’s regulatory system.
According to Bill Singer, the government can, “Pass all the new laws that you want. Amend as many old laws as you wish. It simply will not matter.”
In the opinion of Bill Singer, the SEC v. Goldman Sachs & Co. case is likely to become a watershed event in the history of Wall Street regulation and poses the following question: are we now about regime change on Wall Street or merely crowd control?
On March 24, 2010, the Securities and Exchange Commission (SEC) alleged in a Complaint filed in the United States District Court for the Southern District of New York that Defendant Igor Poteroba, a high-ranking investment banker in UBS Securities LLC’s Global Healthcare Group in New York City, tipped his friend Defendant Aleksey Koval with highly confidential inside information about impending transactions involving pharmaceutical companies.
We are very honored and excited to have been included in Julie Steinberg’s post today on FINS.com that highlighted sites “where compliance pro connect online.” Also included is CCI featured columnist Bill Singer.