Financial advisors seem to be the ones getting caught mismanaging and ruining and outright stealing the investments of many. We see case after case of this happening. One is wise to do what you do Dave, look out for yourself.
Seems like another attempt to insert more federal government intrusion into our lives in line with the current administration’s tenet that government knows best what is good for us everyday folks. Let the states police this activity if need be. After all, the federal government’s existing rules on investing certainly didn’t prevent Bernie Madoff’s activity.
This is why I act as my own financial advisor. I do my own research, determine my own level of risk and make all my own investment decisions.
Financial advisors seem to be the ones getting caught mismanaging and ruining and outright stealing the investments of many. We see case after case of this happening. One is wise to do what you do Dave, look out for yourself.
A parting gift to the trial attorneys.
Seems like another attempt to insert more federal government intrusion into our lives in line with the current administration’s tenet that government knows best what is good for us everyday folks. Let the states police this activity if need be. After all, the federal government’s existing rules on investing certainly didn’t prevent Bernie Madoff’s activity.
There is a movie coming out on wonderful Bernie. I wonder if the profits will go to re-imburse those he ripped off.
Does any one KNOW if the rule would be retroactive (on existing IRA accounts)? Or apply to new rollovers? Thank-you.