Tag: Financial regulation

You Cannot Understand Bitcoin Without Understanding Money


Is bitcoin money or some kind of security?

Simple Is Harder But More Rewarding


Simple works better

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…

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…

Over Regulation Is Pricey


The price of compliance is higher than it needs to be

Another Area of Financial Regulation


Regulate everything and everyone

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…

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