Despite a pullback of the markets over the last week or so – an understandable “breather” after a long upward run, the economy has demonstrated a fairly consistent improvement in many key sectors. While Europe, Middle-East geopolitical challenges and escalating oil prices give us cause for concern, we feel the economy will remain on a slow improving, positive trend.
For more, read on in our latest newsletter….
Investment Update - September 2012 - Keep 'em Guessing, Let 'em Worry
In the wake of the dramatic headline-level failures of Stanford, Madoff, and now MF Global – all well-known registered and federally regulated brokerage firms – efforts are being advanced to forward badly needed protections for regular investors. After massive regulatory failures by NASD and the SEC, recent arbitrary actions by SIPC – the FDIC-like insurance entity created by Congress (but regulated by the financial services industry) to provide protections for investors against insolvency from theft and fraud – have circumvented laws established to protect investors. SIPC’s recent decisions, which seem focused on protecting the SIPC fund, have denied thousands of small investors basic SIPC protection, and worse, resulted in over a thousand lawsuits against many of the same victimized investors denied protection. All investors should be told that SIPC protection at any firm is speculative at best, and investment statements may be meaningless in case of brokerage failure.
Ron Stein testified in Congress in March in favor of enhanced protection for small investors, and in support of HR757, legislation proposed by Congressmen Scott Garrett (R-NJ) and Carolyn McCarthy (D-NY). To listen to Ron’s testimony, click here. For a link to his extensive written testimony, click here.
For more information on the importance of HR757 and how you can support it, visit www.investoraction.org.
Good Harvest is an exemplary financial services firm offering personalized planning, investment management and consulting services to individuals and businesses
Capital preservation for high net worth investors, retirement planning, estate planning.... whatever your life milestones and goals we can help you reach them
We offer sophisticated portfolio management services, consulting, and trust management for a variety of clients’ needs, from growth to income and risk protection
Responsible Investing (RI), Values-Based, and Green Investments – for individuals, foundations, and businesses. Investing profitably in your future and making the world a better place