Join The Whistleblower Revolution
Whistleblowers can lead the way to improving retirement outcomes by exposing longstanding corrupt industry practices. photocredit: Getty If you work on Wall Street in the money management or securities industries—like I used to—you should serious consider becoming an SEC whistleblower. Why? Because almost all firms in these industries that are entrusted with the lifesavings of...
Will Secret Service Protect Whistleblowers, Citizens From POTUS?
The United States Secret Service’s mission needs to evolve to include protection of Americans from the POTUS. photocredit: © 2018 Bloomberg Finance LP Protection of the nation’s highest elected leaders and other government officials has long been one of the primary missions of the United States Secret Service. However, the Secret Service’s protection responsibilities have...
Whistleblowers Should Be Scared In Trump Era
The rising sun divides the West Front of the U.S. Capitol in Washington, Wednesday morning, Sept. 25, 2019, the day after Speaker of the House Nancy Pelosi, D-Calif., declared she will launch a formal impeachment inquiry against President Donald Trump. (AP Photo/J. Scott Applewhite) photocredit: ASSOCIATED PRESS It is the best of times for whistleblowers—greater...
Fees And Risks Spike At British Columbia Investment Management Corporation
British Columbia Investment Management Corporation has transformed into a costly, risky in-house active manager, shifting its investment focus to private markets and global equities. Getty Chances are your pension is lying about how much money it pays investment firms to manage its assets. It’s paying exponentially more—perhaps ten times more—than it’s telling you. In countless...
Johnny Burris, JP Morgan Whistleblower and American Hero
“Who would have thought that a half white/half Korean boy from a lower income, predominantly Hispanic neighborhood would be involved in a tussle with a titan of finance and its army of Ivy League attorneys?” says Johnny Burris. “I’m no hero,” Johnny Burris told me yesterday. “Fighting a desperate battle against one of the largest banks in...
Never BS The Client: How To Build A Pension Consulting Firm With Integrity
Investment consulting pioneer Richard Ennis spent much of his youth hotrodding and frequenting Harry’s poolroom. photocredit: Getty Richard Ennis’ new autobiographic book, Never Bullshit the Client- My Life In Investment Consulting tells the story of his misspent youth, the interest he later developed in finance theory and his role in helping create the field of...
Senator Elizabeth Warren Promised Retired School Teachers Pension Help, Hasn’t Delivered
Fighting Wall Street looting Main Street- state and local government workers’ pensions– is a job tailor-made for Elizabeth Warren– if only she’ll do it. (AP Photo/Cliff Owen) In October 2016, the Rhode Island Retired Teachers Association (RIRTA) wrote to Massachusetts Senator Elizabeth Warren on behalf of its over 600 members pleading for her assistance. The...
Getting My Bachelor of Arts Degree – 46 Years Later
Bard College at Simon’s Rock 2019 graduates celebrate at commencement. “Some days are meant to be remembered. Those days we rise above the stars.” These words from Gloria Estefan’s uplifting song Reach played on local radio (WSBS) in the Berkshire Mountains of Massachusetts as I jogged down the road early this past Saturday morning. In...
How Oregon State Pension Mismanagement Led To $26 Billion Underfunding
The $75 billion Oregon Public Employees Retirement System (OPERS) appears to be another case of gross malpractice generally practiced. photocredit: Getty This morning I participated in an hour-long discussion on Oregon Public Radio focusing on what broke the Oregon state pension and what might fix it. At first glance, the $75 billion Oregon Public Employees...
Financial Advisers Can Help State and Local Government Workers Understand Their Imperiled Pensions
Public pensions,at risk, need your help. photocredit: Getty A network of financial advisers capable of responding to growing concerns of workers participating in our nation’s largely underfunded public pensions is needed—immediately. With nearly 80 million Baby Boomers retired, or on the verge of retiring, news that the overwhelming majority of this population is unprepared financially...