Blog : advocacybz's Space

Blog : advocacybz's Space Find out how to make smart decisions about money while investing in the nano, micro and small cap arenas.

FINRA Disciplinary Update

The following update validates the need for advocacy network services. All investors and consumers need an independent non-biased watchdog as it is clearly becoming more evident that financial service providers do not have their client’s best interests in mind.

FINRA Fines Up 15% in 2012

The Financial Industry Regulatory Authority (FINRA) last year reported filing 1541 disciplinary actions, a 3.6% rise over the prior year. It also put more bite into its actions by doling out $78.2 million in fines, a roughly 15% jump from 2011. It marked the fourth consecutive year of increased disciplinary actions by the brokerage industry regulator and the second straight year of higher fine totals.

The top enforcement issues, as measured by total fines assessed, related to suitability, due diligence, research report and research analyst cases, advertising and exchange-traded funds.

The uptick in suitability cases owes mainly to the $7.5 million in fines assessed in four ETF cases, as well as cases involving complex products such as reverse convertible notes and unit investment trusts. Sutherland Asbill & Brennan said it expects this to be a priority area for FINRA due to the increasing number of complicated financial products entering the market.

Regarding ETF’s, the law firm said FINRA put the clamps down on cases dealing with leveraged and inverse ETF’s that the agency considers unsuitable for conservative investors and were sold without sufficient due diligence review.

Karl Schilling
the Advocacy Network
www.theadvocacynet.com
321-250-1445 O
321-947-3220 C
Skype: karl.schilling5

Magic Silver Bullet Syndrome Continues

We all know the definition of insanity is continuing to do the same thing over and over and expecting different results. Well in the world of the magic silver bullet syndrome we see a new definition of insanity and that is believing that there is a magic silver bullet.

Below kindly see an email I recently received, notice the pitch which is one of the great magic silver bullets (passive income for doing NOTHING). Rule #1 is there is no magic silver bullet and this rule is founded upon the reality that there is no business income without sales and marketing. Products, services, information all require purchasers and in order to find purchasers marketing, advertising and sales are required. Anyone who believes there is income to be made without any sales or marketing is unfortunately a victim waiting to happen. Just read this closely and ask a simple question “How is this promoter earning money?”

Karl,

 

My friend Brad discovered an ‘underground’ money-growing loophole that wealthy insiders have been keeping to themselves for years.

It allows anyone to effortlessly start earning an extra $1,000, $3,000, $5,000 or even $10,000 or more in passive cash flow every month...
The best part is it doesn’t require any recruiting, selling or talking to anyone.

It’s all covered in a new video presentation that finally exposes the truth about passive income no one else is willing to tell you.

BUT…

I need to WARN YOU about it before you watch it...

It contains some very controversial information that will probably piss off some “gurus” in the internet marketing and home business industry.

==> Watch the video to find out why.

 

I especially love the “wealthy insiders have been keeping to themselves for years.” Remember, in order to sell the magic silver bullet there must be a secret that you can now take advantage of. The secret is of course been kept for decades, centuries or eons and now suddenly you can get this secret for some price. Those who have made millions are now willing to share their secrets with you for a small investment. This is the typical main theme in all magic silver bullet offers.

In order to avoid this pitfall just ask yourself, if you had a system that made you thousands of dollars a day and you worked many years to accomplish this and perfect the system which continues to provide you with millions of dollars of earnings a year would you want to sell it to others for small amounts of money? Would you want to spend tens of thousands of dollars in marketing costs to reach out to all these individuals when you could simply continue to use your system to earn thousands of dollars a day? I think you know the answer.

Karl Schilling

Founder

The Advocacy Network

www.theadvocacynet.com

321-250-1445 O

321-947-3220 C

Skype: karl.schilling5