Please report this to SEC if you deem it worthy. I
Post# of 2102
Posted On: 12/21/2015 10:32:09 AM
Please report this to SEC if you deem it worthy. IMO, it is a violation of SEC rules, I reported it to iHub admins, it was "stickied" further adding to the unsavory view of it! It is OFF TOPIC not related to ICBT or canwealth and it offers "sell" advice for true shareholders, not allowed under SEC rules. See here
http://www.forbes.com/sites/feeonlyplanner/20...nt-advice/
The Investment Advisers Act of 1940 is a United States federal law that was created to regulate the actions of those giving investment advice for compensation as means to protect the public.
The Act defines an “investment adviser” as anyone who, for compensation engages in the business of advising others about the value of securities or the advisability of investing in, purchasing, or selling securities.
Therefore, when an insurance salesperson or bank employee suggests that you sell some of your investments to buy their annuity, they are technically giving investment advice, and are required to be licensed to provide that advice.
Recommending that you buy the annuity is not illegal under the Act because fixed annuities and indexed annuities are not considered investments. They are insurance contracts. It is the suggestion or advice to sell your stocks or mutual funds that is the illegal act.
To give investment advice, one needs to be licensed as a Registered Investment Advisors. RIA’s have a legal obligation to always recommend what is in the best interest of the client, disclose all relevant details, and avoid conflict of interest. This is the fiduciary standard.
and HIS post:
brightguy Sunday, 12/20/15 07:45:47 PM
Re: None
Post #
59288
of 59308 Go
From the Wall St. Journal..the truth about Canadian junior mining
Since its peak in April 2011, the Global X Junior Miners ETF index has fallen about 78%. From their price peak, gold is down 38%, copper off about 42% and iron ore down 70%, according to the Steel Index.
At the end of January, Toronto-based exchange TMX Group was home to 1,485 miners, of which 80% were listed on the TSX Venture junior exchange. All of these miners combined had a market capitalization of $266 billion, less than half of their peak value reached in February 2011.
Of miners’ total market capitalization on the TMX in 2015, only 3.7% represented companies listed on the junior exchange, underscoring how badly these miners have been hit.
For some, even a junior exchange listing—which for Gold Canyon runs about $35,000 a year—has become a luxury. Last year, 44 miners asked the TMX Group to delist them from Canada’s various exchanges. That was double 2013’s number and well over the 10 miners asking out in 2010 when the mining boom was in full stride.
This scam can never make it!! Time to cash out and take the tax loss. This is hopeless!.,Dream all you want...it's over!!
http://www.forbes.com/sites/feeonlyplanner/20...nt-advice/
The Investment Advisers Act of 1940 is a United States federal law that was created to regulate the actions of those giving investment advice for compensation as means to protect the public.
The Act defines an “investment adviser” as anyone who, for compensation engages in the business of advising others about the value of securities or the advisability of investing in, purchasing, or selling securities.
Therefore, when an insurance salesperson or bank employee suggests that you sell some of your investments to buy their annuity, they are technically giving investment advice, and are required to be licensed to provide that advice.
Recommending that you buy the annuity is not illegal under the Act because fixed annuities and indexed annuities are not considered investments. They are insurance contracts. It is the suggestion or advice to sell your stocks or mutual funds that is the illegal act.
To give investment advice, one needs to be licensed as a Registered Investment Advisors. RIA’s have a legal obligation to always recommend what is in the best interest of the client, disclose all relevant details, and avoid conflict of interest. This is the fiduciary standard.
and HIS post:
brightguy Sunday, 12/20/15 07:45:47 PM
Re: None
Post #
59288
of 59308 Go
From the Wall St. Journal..the truth about Canadian junior mining
Since its peak in April 2011, the Global X Junior Miners ETF index has fallen about 78%. From their price peak, gold is down 38%, copper off about 42% and iron ore down 70%, according to the Steel Index.
At the end of January, Toronto-based exchange TMX Group was home to 1,485 miners, of which 80% were listed on the TSX Venture junior exchange. All of these miners combined had a market capitalization of $266 billion, less than half of their peak value reached in February 2011.
Of miners’ total market capitalization on the TMX in 2015, only 3.7% represented companies listed on the junior exchange, underscoring how badly these miners have been hit.
For some, even a junior exchange listing—which for Gold Canyon runs about $35,000 a year—has become a luxury. Last year, 44 miners asked the TMX Group to delist them from Canada’s various exchanges. That was double 2013’s number and well over the 10 miners asking out in 2010 when the mining boom was in full stride.
This scam can never make it!! Time to cash out and take the tax loss. This is hopeless!.,Dream all you want...it's over!!
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