moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: Financial regulation
You Cannot Understand Bitcoin Without Understanding Money
Is bitcoin money or some kind of security?
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Financial Regulators Have An Impossible Task
It pains me to say this but I feel sorry for regulators in the financial services area. Their job is not doable in the real world. Why Not? Many people argue that suitability is an inadequate standard so regulators are looking for something more… Continue Reading “Financial Regulators Have An Impossible Task”
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Best-Interest Regulatory Standard Is Flawed
The financial service industry is moving towards higher regulatory standards. Best interest, and fiduciary (the higher) among the probabilities. The problem is of course, that no one knows what those mean. The dictionary definitions are clear but meaningless. This one is from the law… Continue Reading “Best-Interest Regulatory Standard Is Flawed”
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The Helicopter Government Problem
Regulating financial advisors will eventually have the same effect that rain has on the availability of cabs in Manhattan. A recent report in Businessweek showed that when it rains in Manhattan, the demand for cabs rose by 4.8%. A pleasant 3-block walk on 5th… Continue Reading “The Helicopter Government Problem”
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On Regulation of Financial Advisors
The action is heating up on Ontario Bill 157 – The Financial Advisors Act, 2014. Regulation has been a hot topic for some time and until recently, there have been few that openly opposed it. Regrettably, the principal objection now is that the act… Continue Reading “On Regulation of Financial Advisors”
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Regulation and Reality
Regulation is an interesting concept. Presumably regulation protects people who have the inability to protect themselves. Not such a crazy idea. There are many situations and products that I would like to trust that the people who provide them cared enough to do their… Continue Reading “Regulation and Reality”
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