by Eric Dunn, Policy Intern The Committee on Transportation and Infrastructure recently held a hearing on the Competition for Intercity... View Article
Continue readingOne out of ten investment advisers disciplined
Throughout his career as a broker-dealer, Anthony Gerard Manaia has been fired twice. He’s been the subject of 18 complaints by disgruntled investors, most of whom accused him of putting their money in risky investments without their knowledge. He’s currently under investigation for his role in a scandal around offerings by a medical financing company that a federal agency has accused of misappropriating investor funds.
In July 2010 Manaia gave up his broker-dealer registration. Five months later, in January 2011, he hung out his shingle as an investment adviser. His website targets “high net worth individuals” and says ...
Good investor data are hard to find
In a recent report to Congress, mandated by the Dodd-Frank financial overhaul law, the SEC maintained that "because selecting a broker-dealer or investment adviser is one of the most important decisions that investors face, information to help them make this choice should be easy to find, easy to use, and easy to understand."
But if you do a simple google search for the name of your broker or investment adviser and “disciplinary action” or “fine” you are unlikely to come up with much. While the information on broker-dealers and investment advisers is all a matter of public record, you need ...
Continue readingShell moves closer to drilling in Arctic, EPA moves closer to less regulatory authority
On Wednesday, the House passed a bill 253-166 to limit the authority of the Environmental Protection Agency and expedite the... View Article
Continue readingInfluence Explored: Corporations lobby for tax breaks
An article on the front page of the New York Times yesterday reported on the pressure some major corporations—such as Microsoft—... View Article
Continue readingInfluence Explored: Millionaires or not, politicians rake in millions in contributions
By guest blogger Matthew Gerring, Sunlight Labs intern The Washington Post published an article on Wednesday about the personal financial... View Article
Continue readingInvestment adviser contributions remain secret
Starting in March 2011, investment advisers who have government clients must keep records of campaign contributions made to elected officials or candidates. But these records are kept secret--buried in internal files, out of the public eye, and available for perusal only by certain government officials.
The new rules were established by the U.S. Securities and Exchange Commission (SEC) after years of "pay to play" scandals rocked multiple cities and states, in which investment advisers representing large public pension programs used various schemes to funnel campaign contributions to elected officials or candidates. In addition to requiring investment advisers to keep ...
Continue readingThe Pentagon’s Big Contractors Lobby Big and Get in Big Trouble
Recently, the Pentagon released the list of its top 10 contractors for 2010, all which spent significant amounts of money... View Article
Continue readingKoch Money
Few companies have received as much attention for their campaign expenses than Koch Industries in the past year. According to... View Article
Continue readingKoch Industries First Contributions of the 2012 Cycle
Koch Industries’ political action committee (PAC) reports contributions totaling $46,500 to the congressional campaigns and PACs of sixteen Republicans and... View Article
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