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Feedback ForumHow much do you trust people and organizations responsible for investing your money?Submissions for this question are no longer being accepted. Previously submitted comments appear below. Comments may have been edited for content or space. Poster: Kenrick Stephenson jr. Comment: I percieve them all, to be thieves Poster: Chris H Comment: Not much. The symbiotic relationship between the SEC and the stock exchanges with incestual migration of staff between entities does little to insure protection of ordinary investors. Poster: John Lorenz Comment: If a lot of money equals a lot of power, then it stands to reason that the government would be afraid to investigate the powerful hedge fund people. This seems as if it would be aource of inordinate influence peddling and pandering by politicians eager for campaign donations in our high dollar 'bought' elections. Poster: Rick C. Comment: The illegal naked shorting and blatant manipulation of publicly traded equities threatens to undermine the confidence of the investing public. If the SEC cannot or will not effectively police the market and insure fair equity trading for retail investors, the collapse of public confidence in the stock market threatens our way of life. Honesty, transparency, and fairness go to the very heart of a free and democratic society. Shake people's confidence in these fundamental principles, everything else that really matters to us all is jeopardized. Poster: Bob De Comment: The problem of naked shorting of stock by hedge funds has become an epidemic which is endangering the public's view of the US financial markets. The SEC's obvious willingness to ignore this problem is an absolute disgrace. I previously believed that the US Federal Government would protect the integrity of our markets, but no longer have faith in the integrity of SEC members. Poster: Guy Suabedissen Comment: I am blessed to be stuck in the middle class. An investment counselor once told me that I didn't have enough assets to invest in more than my little teacher's annuity. I have been spared. They can't use or abuse the money I don't have. Henry David Thoreau had it right in Walden. Poster: Ken Comment: Naked shorting by hedge funds and Wall St. investment firms is the biggest problem associated with the U.S. stock markets. The SEC does not enforce the law and it's the individual investors who get hurt tremendously by this illegal manipulation. Poster: Thyra Comment: How can you trust anyone investing your money, even yourself, when the very organization that is supposed to protect the investor has failed over and over to do that? When SEC regulations are not enforced, when oversight of the SEC fails, when the SEC fails to bring cases of fraud/manipulation/thievery (RICO) to the DOJ, and when the regulator of the SEC turns a blind eye to these failures, how can you expect anyone to have a clear picture of an investment? Apparently, we have two sets of rules. One set for the investor, the publicly held companies -- and no rules for hedge funds or analysts and media that spread FUD (fear, uncertainty, doubt). Poster: Patti P Comment: The SEC is supposedly responsible for maintaining integrity in the stock market, but it is either so corrupt and beholden to big arrogant moneymen or so cowed by illegal hedge funds and criminal brokers that it does nothing while the stockholder is raped by all of the above. There should be a grand jury investigation of the SEC and DTCC. Poster: Jerry Comment: None at all. Not ethically or financially. I believe, that the power and ability to manipulate those vast sums of money are inherently corrupting. They change a persons perception of 'reality'. It needs to be severely constrained and restricted . . . Poster: Ruth Uebel Comment: Mostly they are stock salesmen and have no idea of responsibly managing a portfolio according to the client's needs. Unfortunately, they also don't listen to their clients who a lot of times know better whats good for their portfolio. Poster: Magda Suarez Comment: As crooked as Wall Street is and with do-nothing regulators aiming for cush jobs with big monied interests, I wouldn't trust a cent to any investment put in U.S. markets. The SEC's cover-up in the Aguirre affair, their failure to enforce laws against the selling of phantom stock (naked short selling), their permitting loopholes which allow stock manipulation via the options market, and the recent suit against prime brokers (and which implicates the SEC by its inaction) by Eagletech Corp., have broken my faith in this country as a place to invest. Perhaps, irrevocably. Poster: ilof musich Comment: I trust no one (but myself) to handle my finances. I don't believe I have the discernment to judge, or the trust to believe, what money lenders, investers, bankers, or mongers say or do. Not even if they are relatives. /i.m. Poster: Mary Helburn Comment: The SEC doesn't prosecute Wall Street elite. They had evidence of wrongdoing by major brokers in a RICO conspiracy that couldn't have worked without the major brokerages involved, yet they didn't stop the Wall Street insiders, allowing them to continue the pillaging of companies and their shareholders. See the complaint that was recently lodged against Citibank and other brokers. [pdf] Poster: Penny Honeycutt Comment: Not at all!!! Poster: Paldrön Comment: I have a relatively small portfolio and have had it through three companies and three brokers. The first two did really nothing, but this one I have now is a jewel, honorable in her choices of stock in that I'm a Buddhist nun and do not want to invest in issues that are against my good judgment and, because I confess to little interest in the area of investment, which she knows, she assumes a more assertive role, but does not make changes without discussing it with me and explaining the transaction, which I rarely understand. I have made a point of being not just a client, but have taken interest in her, her well being and family, investing a bit of myself into the mix. That has created a very pleasant and open relationship. In every downturn, my income, through her investment choices, has not varied from what I expect. At 71, that's an enormous comfort. |
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