Caveat emptor … “Let the buyer beware”!
Investors be nimble
Stay informed and be quick
To move in and out of
The funds that you pick!
– $tock Mom
Where are the regulations in this post Dodd-Frank era with companies, like MF Global, raiding customers’ funds for their own trading?
“The MF Global example … is … prop-trading gone wild; … it’s crazy,” says Michael Masters, Founder & Chairman of the watchdog organization Better Markets, Inc.; and who has testified before Congress many times on the topic of speculation in the market and much more. “And along the way, what’s happened is you’ve had large swap dealers, you’ve had financial institutions that, behind the scenes, have tried to slow down the Dodd-Frank legislation.”
The regulators are trying to do their job with a lot of forces behind the scenes trying to slow down the progress of the regulations from being implemented. The regulators are trying to do the work that Congress told them to do and need more staff; but every time they go to Congress for more money, the people who don’t want more regulation threaten to cut their funding.
(video 5:39)
