CEO, Parisian Family Office. Began Wall Street in '82. Founded investment firm, Native American Advisors, '95. White Earth Chippewa. Raised on reservations. Conservative. NYSE/FINRA arbitrator. Drexel Burnham alum. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', the family winter camp in Los Cabos, Mexico. Always been, will always be, an optimist.
Wednesday, February 13, 2008
Native America beware...........
From time to time we bump into tribes that are still dealing with individual stockbrokers and buying bonds from their inventory. Until 12/31/2009 stockbrokers will no longer have to provide written notice to a client each time they make a principal trade. Instead, the client will only need to give oral authorization before a trade is made. Be honest. Mom and Pop in Mandaree don't have a clue about principal versus agency trades. The SEC continues its assault on fiduciary protection. Investors deserve trusted advice. The fox is still in charge of the hen-house. And don't forget, in 1999 investors won 61% of their claims against brokers for abusive practices, in 2006, only 42%.
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