SIPA 2015 Animation/Video Contest
Ideas and Suggestions
In no particular order, here are some ideas to help get you started.
- adviser vs advisor how to wiggle out from duties specified
under the Securities Act
- client best interest vs industry best interest
- foxes guarding the hen house (self regulation)
- fancy (meaningless) title games they play after taking a weekend course
- Vice President (real world translation)= Most Productive Salesman
- “free” lunch seminars...sign here please
- hidden fees
- high fees
- “trust me”
- full and transparent disclosure... seems pretty opaque
- peeling the DSC onion (deferred sales charges)
- perils of leveraging
- industry incentives and how they work against the consumer
- "professional illusion" lack of credentials and training
- commission tainted advice "suitable" for you (if your lucky)
but "best" for me mentality
- complex products with hidden dangers in fine print of unreadable “legalese” type
documents
- fiduciary responsibility illusion vs suitability standard
- “advisors” who are allowed to sell the highest compensating
product (for them)
- is the broker’s “suitability” obligation similar
to a promise that a product is “edible” or “drinkable” (vague,
undefinable, and lowest standard possible?)
- have some fun with industry jargon and real world translations
- whose in charge? They act like they are, until something goes wrong,
then you are.
- taking advantage of the elderly
- churn and burn
- regulators who, when collecting fines from those they regulate, keep
the money themselves rather than help the investor victims
- regulators who not only can't get your money back when misconduct occurs,
but can't even collect the fines they impose
- heaven forbid if you have a complaint enter the compliance maze take
a number and wait
- take a deep breath and dig in your heels cause your up against the
big boys, bully tactics and deep pockets
- an Ombudsmen with no teeth to enforce a recommendation
- an industry that appears to have lost its' moral compass
- an industry that says “We have your best interests at heart,
but don't you dare make it an actual legal requirement!”
