Philanthropist and socialite Brooke Astor, 105, passed away in 2007. Her now 89 year old son (but not Vincent Astor’s son) Anthony Marshall , the court found used undue influence to gain access to and loot her $200 million estate. […]
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The picture is a diagram of the US Shadow Banking System produced by the New York Fed in 2009/10. It is important to note, a handful of the largest, most sophisticated American banks, largely in the Federal Reserve district east […]
FiduciaryALERT™ July 2007 Hedge Funds – Losses, Leverage, Liquidity and Litigation Sub prime mortgages, Collateralized Debt Obligations CDOs, SIVs, ABCP Are all hedge fund investors “on their own”? Or are hedge funds fiduciaries? What is the nature of representations of […]
Press Release – April 2007 For additional information: Chris McConnell, AIFA (310) 943 – 6509 Court strips Brokers’ “camisole”! The U.S. Court of Appeals for the District of Columbia issues majority opinion in FPA v. SEC. See the link http://pacer.cadc.uscourts.gov/docs/common/opinions/200703/04-1242a.pdf […]
Pension Protection Act 2006 Highlights 401k Plan sponsors must effective December 31, 2006: Broker of record / investment advisers to the plan and the new fiduciary advisers, if any, who provide investment advice to participants will have to acknowledge their […]