UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next
Author: PosFCF Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: Re: UK, NL, AUS ban mutual fund commissions Date: 6/24/2013 6:51 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Paul

I will not argue any of the points you made, but will point to several you didn't:

Yes, the industry has lots of clout, and they do work to preserve certain aspects, but it looks as if they will not take on "populist" issues. If enough voters want it, it will happen.

How many people went to jail for the CDS, CDO, Robo-signing, rogue London whale, derivatives messes? How much was spent by the US government (and, ultimately, by many other governments) to bail the banksters out of those messes?

The laws are being written and sound like they are big, bad, reform action but once finally released from committees are toothless and so vague no charges can be made.

As I implied in my first post on this topic, the mutual fund industry had already seen the advisors move to the fee-based (i.e. no-load) model over the last 10 years so, by now, they can back a "reform" like this and it only hurts the small independent shop, if anyone at all.

Poz
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement