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The Securities Investors’ Bill Of Rights (SIBORAP): Part Four

Steve Selengut (October 29th, 2008) Writes:

SIBORAP includes these ten specific sections: (1) Product Transparency, (2) Regulation and Education, (3) Protection from Speculators (4) Control of Hedge Funds, (5) Brokerage Account Statements, (6) Retirement Account Investments, (7) Executive Compensation, (8) Corporate Financial Statements, (9) Taxation of Investment and Retirement Income, and (10) Transactional Greed and Fear Controls.

Section Seven: Executive Compensation - continued from Part Three of the SIBORAP report.

Every dollar paid to corporate executives, directors, and employees (in any form whatsoever) in excess of two million dollars would be matched by a ten-cent per share extra dividend to all shareholders and a 10%-of-annual-pay bonus to all employees.

All golden parachutes, separate “non-qualified” retirement plans, stock option and deferred compensation programs, and others that do not benefit all employees and shareholders will be unwound over a three to five year period. Any employee who receives …

The Securities Investors’ Bill Of Rights (SIBORAP): Part Three

Steve Selengut (October 29th, 2008) Writes:

SIBORAP includes these ten specific sections: (1) Product Transparency, (2) Regulation and Education, (3) Protection from Speculators (4) Control of Hedge Funds, (5) Brokerage Account Statements, (6) Retirement Account Investments, (7) Executive Compensation, (8) Corporate Financial Statements, (9) Taxation of Investment and Retirement Income, and (10) Transactional Greed and Fear Controls.

Section Five: Brokerage Account Statements.

Investors have a right to brokerage account statements that: (1) help them monitor and manage their asset allocation, (2) report realized gains and losses for the year, (3) track both the cost of their holdings, and their net account deposits, and (4) emphasize the long-term, cyclical nature of the investment process.

Under SIBORAP, all brokerage firms would be required to maintain cost basis information on all holdings, and the ACATS system would be required to provide it in all transfer transactions. Mutual funds would be required …

The Securities Investors’ Bill Of Rights (SIBORAP): Part Two

Steve Selengut (October 27th, 2008) Writes:

SIBORAP includes these ten specific sections: (1) Product Transparency, (2) Regulation and Education, (3) Protection from Speculators (4) Control of Hedge Funds, (5) Brokerage Account Statements, (6) Retirement Account Investments, (7) Executive Compensation, (8) Corporate Financial Statements, (9) Taxation of Investment and Retirement Income, and (10) Transactional Greed and Fear Controls.

Section Two: Regulation and Education (continued from Part One of the SIBORAP report).

Security industry regulators will be charged with many responsibilities: (1) educating investors with respect to product content; (2) developing a “hierarchy-of-risk” tool that identifies the risks in all things sold to investors; and (3) preventing the spread of unregulated Internet based investment advice offered by persons of unknown qualifications.

Additionally, they will be responsible for:

(4) Preventing the development of multi-level, multi-leveraged, WMFDs; (5) requiring that all financial blogs include appropriate caveats that speak to the qualifications of …

The Securities Investors’ Bill Of Rights (SIBORAP): Part One

Steve Selengut (October 24th, 2008) Writes:

We the securities investors of the United States, in order to form more transparent financial markets, establish effective regulations, defend against destructive speculation and manipulation, promote financial well-being, preserve working capital, and protect retirement income, do establish this Securities Investors Bill of Rights and Protections (SIBORAP).

These rights are intended to replace, amend and/or abolish all laws and regulations currently in conflict with SIBORAP, and are to be implemented by all parties to financial transactions.

Any institutional efforts to create and/or market securities and/or derivative products that do not comply with the spirit of SIBORAP will result in fines to corporate officers and directors, congressional oversight committee members, regulatory agency directors, and their financial or legal counsel.

All derivative investment products of any kind, any investment programs or specific recommendations promoted in any medium by non-professionals and professionals alike, SEC …

WaMu (WM) down to $3.60, Kerry you’re Fired

Ben Stevens (September 8th, 2008) Writes:
The mess that is Washington Mutual, Inc. (NYSE:WM) continues to be hit today, shares of WM are down 15% back down to the $3 level. Like the Masters said back in October 07, your days may be numbered as CEO Kerry, people are pissed. Fellow Masters, before you buy shares on the dip, wait for the dust to settle. Washington Mutual has lost $6.3 billion in the last ...

52-week lows, really low

Stockmasters Staff (June 9th, 2008) Writes:
Big Banks are dying, WaMu (NYSE:WM) hit $6.05 and BofA (NYSE:BAC) hit $29.34 today. It's one thing for Crocs Inc (NASDAQ:CROX) to hit $9.03, but our U.S. financial institutions?  Good Lord. Other 52-week lows include (via 247WallSt.com): AMBAC (ABK) Sells off to $2.02 after downgrades. The 52-week high was $89.33. MBIA (MBI) Also hit by downgrades and drops to $4.78 from 52-week high of $68.98. Wachovia (WB) Flamed. Down to $18.22 from 52-week high of $54.54. Gatehouse (GHS) Newspapers still hit hard. Falls to $3.50 from 52-week high of $19.64. McClatchy (MNI) Another newspaper company sells off to $7.77 from 52-week high ...

Gambling for Monday: KKD & WM

Stockmasters Staff (June 7th, 2008) Writes:
Krispy Kreme Doughnuts (NYSE:KKD) shares are down 91% since late 2003 and Washington Mutual, Inc. (NYSE:WM) is trading at a 13 year low.  Get ready to gamble come Monday, both of these stocks could either continue to fall or bounce like 64' Impala tricked out with hydraulics.  Let it ride. Krispy Kreme reports financial results for the first quarter of fiscal year 2009 after the market close.  There's not an investor or analyst alive that expects anything good, so should they have something, just anything, shares could hit the 3 wheel motion. ...

Short Washington Mutual Inc. (WM) on Market Weakness

Steve Patterson (June 3rd, 2008) Writes:
Short Washington Mutual Inc. (WM) on Market Weakness Today was a very weak day for financials as Lehman led a number of Financials and the S&P 500 down in early afternoon trading. The biggest new ...

Banks are horrible but if WaMu and Wachovia go lower, buy now

Ted Gottsegen (June 3rd, 2008) Writes:
Wachovia Corporation  (NYSE:WB) is 25 Cents from its 52-week low and Washington Mutual, Inc.  (NYSE:WM) is just 5 Cents away.  The Financial sector is going down in flames, but the world is not ending. Buy these stocks at a discount, should these stocks fall another $1 or less.  Wachovia's CEO is now gone and WaMu's Killinger is almost out the door. These stocks have to ...

WaMu: Perfect Timing

Ben Stevens (June 2nd, 2008) Writes:
Just as Washington Mutual, Inc. (NYSE:WM) shares are 20 Cents away from a 52-week low, Kerry Killinger gets knocked off as chairman.  He's still the CEO, but let's face it, once you run the company shares down from $44 to $8 it's only a matter of time.  Killinger's days are now officially numbered. Today WaMu announced independent director Stephen E. Frank will take over July 1 as chairman. The company says it is one of several measures to strengthen corporate governance and return to profitability. WaMu shares ...

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