Archive for August, 2013

Does Your Brokerage Firm Follow The Law?

The brokerage industry is said to be the most highly regulated business field in the United States.

Brokerage firms must register with various governmental and private regulators, comply with arduous paperwork and record keeping requirements, and wade through multiple layers of red tape to gain the regulatory approval necessary just to make some of the most basic business decisions.

But despite all of this, brokerage firms occasionally run afoul of the law. As an individual investor, it is important to have a basic understanding of what is required of brokerage firms.

Brokerages that take short cuts and cut corners in terms of regulatory compliance are much more likely to be guilty of other transgressions – the type of transgressions that can cost you money.

The National Association of Securities Dealers

The National Association of Securities Dealers (NASD) is a brokerage regulatory agency second only to the governmental Securities and Exchange Commission (SEC) in terms of importance.

The NASD is known as a self-regulatory organization (SRO) in that it is not affiliated with the government in any way, but it operates under SEC oversight.

The NASD regulates all investment banking and securities underwriting activity. It also regulates trading in the OTC (over the counter) market of mostly small cap stocks, and the NASDAQ, which is named for the NASD.

It is this authority of the NASDAQ that makes it virtually impossible to conduct business as a brokerage firm without membership to the NASD.

Brokerage Firms’ Use of the NASD Name

In order for the employees of brokerage firms to sell financial products or give financial advice, they must be approved by the NASD. Brokerage firms must also be registered members of the NASD, and while this affiliation does carry with it some promise of honesty and professionalism, it is illegal for a brokerage firm use the NASD’s name in any manner that would suggest that the NASD has endorsed it.

Brokerages may use the phrase, “member of the NASD,” but they may not put undue emphasis on it. If your brokerage firm or any of its brokers try to imply that they are endorsed by the NASD, it is a near surefire sign that they lack other, legitimate credentials and references.

Brokerage Firms’ Sales Literature

Probably the most common manner in which brokerage firms violate NASD rules is through their noncompliance with sales literature requirements.

It is important to note that there is a distinction made between advertising and sales literature. Anything in which the brokerage firm has no control over the material’s audience – i.e. publication in periodicals, radio or television broadcast, prerecorded telemarketing messages, billboards, phonebook ads, etc. – is considered advertising. The audience for advertising is the general public.

By contrast, sales literature is targeted to specific individuals or subsets of the general populace.

This distinction is important because there are different rules for each. All advertising materials must be filed with and approved by the NASD.

The only exception to this rule is for prospectuses and other such materials approved by the SEC (preliminary prospectuses, offering circulars, tombstones, etc.) Since advertising is, by definition, made available to broad audiences, it is difficult for brokerages to skirt the NASD’s filing requirements.

After all, regulators are just as likely to see the unregistered ads as anyone, so any unapproved broadcasts or publications are dealt with behind the scenes by the NASD.

Sales literature is targeted marketing, and individual investors need to be much more wary of all such correspondence than commercials they may see on TV.

Firstly, all sales literature must identify its source – the brokerage firm’s name, the person who prepared the materials, and the date it was created.

Secondly, if the sales literature recommends the purchase of a stock, it must identify the stock’s most current price, and the price range at which the stock is a recommended buy. The brokerage must also disclose the market’s general direction, any buy/sell/hold recommendations made for similar securities in the past 12 months, and data revealing all recommendations (winners and losers) made in the past year.

Additional Sales Literature Requirements

Mutual funds are a favorite financial product for brokerage firms to market. When recommending mutual funds in sales literature, brokerages should use 10-year charts to show the fund’s performance in varying market conditions. If charts are used, the source of the data must be identified.

The fund’s highest sales charge possible must be revealed, and the brokerage firm may not compare the fund being marketed to any other investment product in terms of safety or performance.

Finally, the most obvious violation of all is for a brokerage firm to guarantee performance of an investment product in any way. Any brokerage firm that attempts to masquerade opinions as facts is in willful violation of NASD regulations, not to mention standard professional ethics.

Any company that would be so careless in its regulatory compliance is likely to be careless with your investment capital, and should be avoided without exceptions.

William Smith

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Posted by mark - August 27, 2013 at 11:30 pm

Categories: Rule of Law   Tags: , , , , , , , , , , ,

What is the difference between the Liberal Party and Conservative Party in Canada?

What is the difference between the Liberal Party and Conservative Party in Canada?

What is each government support and whats their views?

Same as the US but not nearly as extreme toward either side.

My stepdad says that there’s almost no different between the two party’s. Honestly, he’s right. They both do pretty much the same things, they just tend to lean a bit more towards money, or a bit more towards the people.

Think of both party’s as United States moderates that lean slightly left or right.

Incidentally, I’m a Canadian living in the US.

Personally, I was a Liberal in Canada and I’m a Democrat in the US.

Canada itself leans more toward the Liberal side of things, than the Conservative side, though the Conservatives are currently in power.

Mostly because the Liberals got caught giving a bunch of money to special interest groups, and doing so is against the law in Canada. Now the Liberals are paying a heavy price in that they cannot win an election and have been out of power for 6 years (and counting). They thoroughly deserved it and the Conservatives haven’t been doing a bad job.

Problem is that the Conservatives are a minority government. Meaning they control the country, but just barely. If the Liberals and the NDP join together, they can stop Conservative bills easily.

For that reason, there has been 3 elections in the last 6 years when there is normally only a federal election every 4-6 years. The Liberals/NDP keep calling a vote of no confidence and don’t seem to get that its the Liberals/NDP that are the problem.

When people lose confidence in a gvt in Canada, it doesn’t change overnight like it does in the US. Canadians don’t have an automatic hissy fit when a new government comes in and does things they don’t like, and they’re much more mellow and apathetic (something that annoys me about Canada) to almost everything than the US (which takes it to completely the opposite extreme where they freak out over everything) is.

In Canada, you will never see whole groups of people flipping out after the new Prime Minister has only been in office for 6 months and screaming about how they’re a failure when they haven’t even done anything yet. And you won’t see the other party doing everything they can to discredit the other party, even if it means lying through their teeth, nasty ad’s on tv, and twisting the truth. You will NEVER see a member of Parliament yell out "liar" toward the Prime Minister if he is addressing Parliament. NEVER. It just doesn’t happen.

The Liberals will stay out of power for probably a good 10 years, maybe longer. But they WILL come back into power again.

For example… if we had a Prime Minister that did the same thing President Bush did, the Conservatives would just plain be out of power. Period. There’s very little that the Liberals could do that would make anyone regret voting the Conservatives out. And vice versa. You’d see the Conservatives out of power for probably 15 years. Maybe longer.

Canadians have long memories and very little tolerance for corruption. And Canadians don’t handle it in the same way the US does.

In the US, people freak out, its all over the news, its all about passion, and hate, and anger.

In Canada, they’d just lose power. For a long time.

When a member of any of the party’s is caught doing something highly illegal, his career is basically just plain done with no debate about it. No fuss, no muss, it ends there.

The personal lives of our politicians matter less in Canada. No one cares what religion the leaders are so long as they keep it to themselves. What Canadians are concerned about is whats good for all, not what favors money, power, or religion.

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Posted by mark - August 25, 2013 at 10:28 pm

Categories: Conservative Party   Tags:

Sir Winston Churchill

Sir Winston Churchill was one of the most prominent politicians of the 20th century in the United Kingdom. He was surely the most famous Prime Minister of the 20th century. His personality compounded talented author, outstanding speaker, artist, and a great leader that managed to escape Britain’s defeat and even be among the winning nations at the end of World War Two.

Winston Leonard Spencer Churchill was born on the 30th of November, 1874 in Blenheim Palace, Oxfordshire in the family of Lord Randolph Churchill and Jennie Jerome. Winston’s father was a famous Tory politician, descendent of John Churchill (1st duke of Marlborough, the hero of the wars against French Louis XIV). Winston’s mother was the daughter of a prominent American financier Leonard W. Jerome.

Churchill was a very poor student at school that later resulted his father to make young Winston to join the military. Here again he did not show great results and passed the entrance examination to the Royal Military College only from the third try. However, he took studying at college seriously and graduated 20th in class out of 130. After graduating from college Winston Churchill joined the 4th Hussars and ended up in Cuba reporting on Cuban independence war from Spain. A couple of months later Churchill returned back home from Cuba and left for India along with his division. In India he for the first time he experienced being a soldier and a journalist at the same time.

The future prime minister decided to finish his career in the military and go into politics. For the living he wanted to write articles for different newspapers and magazines. The tradition to lose for the first time did not fail for Churchill when he tried to be elected as a Conservative at Oldham. Instead of a Conservative at Oldham Winston found himself in South Africa reporting on the South African War for British newspaper The Morning Post. Not being lucky was sort of a story of Churchill’s life, this time he was captured by Boers as a prisoner in military prison in South Africa. However, he managed to escape from the prison which later made him nearly a hero when he went back home.

After coming back from Africa he decided to run for the Parliament again in 1900. This time he achieved his goal. Being a member of the Parliament Churchill experienced difficulties with public speaking as he had a speech defect (that he actually never lost). It was a big challenge for him but it did not break him up and he never left oratory art.

In 1904 due to some disagreements with his party members over trade tariffs Churchill had to join the Liberals. In the new spot he quickly gained popularity for his brave debates with those who argued with him. In 1908 Churchill became the president of the Board of Trade. That same year Winston Churchill married (the first and the last time) Clementine Hozier.

At the Board of Trade, Churchill became a leader in the movement of Liberalism away from laissez-faire toward social reform. He finished up the law that set an eight hour working day for miners. He also initiated the bill that would set the minimum wages for different types of workers. In 1908 Churchill forced the rejection of the budget of 1909 by the House of Lords (which really was sensational) due to high level of taxation. Very shortly Churchill became a president of the Budget League. Tories were really furious about Churchill’s great progress and his permanent terrific speeches. In 1910 Churchill became a Home Secretary. On this position he faced everlasting strikes of workers. In 1911 he was appointed to the First Lord of the Admiralty. The very same year after German’s provocative sending a gunboat to Morocco, which was France colony, was persuaded by French to help them out if Germany attacks them in the future. Same year, Churchill sort of smelling the gunpowder of the upcoming enormous conflict decided to expand the British navy. As 1914 approached Churchill assured that the Royal Fleet was ready for the war was not a surprise for him at all. In 1915 Churchill failed the Dardanelles campaign that was greatly blamed for. In late 1915 Churchill resigned from the government and went to the Front. Being even a lieutenant colonel in the army he could not use his full capacity in the military. In 1916 he decided to Parliament as a private member. One year later Churchill had the office of Minister of Munitions where developed the use of tanks. In 1919 his next job was to be the Secretary of War. Everyone was greatly surprised when Churchill tremendously decreased the military budget. What was even more surprising is that Churchill as a zealous anti-Bolshevik made allies with Russia. In 1922 Churchill had his appendicitis attacks that greatly damaged his health and due to that failed the elections and eventually was left with nothing. He once said about that period of time “without an office, without a seat, without a party, and even without an appendix.” Even then Winston Churchill was not broken. He returned to painting and writing. That is when The World Crisis was written. In 1923 Churchill got back to what he could not live without – politics. Couple of years later he received a position of Chancellor of the Exchequer. He was not very strong in finance that actually led to a number of incidents during the time at this position. The major trouble was a general strike that took place in 1926. In 1929 the government fell.

The second time for Churchill happened the period when he was out of politics. However, he found it rather relieving. Now it was perfect time to write again what he actually did. This time his work was Marlborough: His Life and Times that was about his ancestor. Main point of the book was to defend his antecedent against the criticism of some historians. Meantime a threat from a fascist Germany was getting greater. His intuition did not fail this time either. However, his warnings were ignored this time as well. In early 1939 Churchill and his group created a truly national coalition and the country had actually accepted him as a main spokesperson.

All Churchill’s experience at his numerous positions seemed to be some kind of rehearsal for something greater. This “greater” was the Second World War. Churchill was the person to be in charge of Britain actions during the largest military campaign in the human history.

Great Britain declared war on Nazi Germany on September 3, 1939. On the same day Churchill was appointed back to his old position First Lord of Admiralty. The President of the United States, Franklin Delano Roosevelt was in the office at that time, congratulated Churchill with his position on September 11 to which Winston the head of the British fleet immediately replied. That is when their famous correspondence had started.

As Germany was invading more countries Chamberlain who was the Prime Minister of England at that time resigned from the office. Chamberlain really wanted Lord Halifax to be his successor but Halifax made up some excuses and rejected the proposition. It was obvious that this position was waiting for Churchill. Winston Churchill was ready to direct the nation.

Now Churchill focused on the real handling the war. He used Parliament as the tool to convince the public and comfort it. For the first time Prime Minister Churchill spoke to the House of Commons on May 13. That is when one of his famous quotes “I have nothing to offer you but blood, toil, tears and sweat” was recorded. He accomplished what he promised y completely dedicating himself to the nation the war was over. Churchill did not really care who was an ally as long as they helped and shared his goals and ideas. One of the most important allies that Britain gained during the Second World War was the United States. It was Churchill’s principle idea to get the United States to help Britain. One of the most important events for Churchill and probably for Great Britain in the entire 20th century was the Battle of Britain. Now, Churchill was at fighter headquarters having everything that was going on in his personal control and at the same time trying to cheer up the nation. That was the time when the entire nation completely accepted him as a leader.

Another important strategic point for Churchill was when Hitler started to attack the Soviet Union on June 22, 1941. Churchill did not reject what he previously saying about communism, nevertheless, he promised support to the Soviet people. His plan to create an alliance between Great Britain, United States, and the Soviet Union seemed to work out. However, it only became true in May 1942 when the Anglo-Soviet pact of mutual assistance was negotiated. The day that changed the whole perception of the war by Churchill was December 7, 1941 when Japanese attacked Pearl Harbor. Then Churchill and Roosevelt totally agreed that it was time to launch the strategic alliance.

After the war was over Churchill had to get back to politics. This time the nation viewed him as a war leader but not the party leader. It resulted a great defeat at the elections. This time seats of Churchill’s party in the Parliament were reduced to 213 out of 640.

Churchill was really shocked by such an outcome; he did not predict it this time. Even in this situation Winston Churchill found his place. He got a role of the leader of parliamentary opposition. Churchill now devoted himself to foreign relations. For the next couple of years Churchill was a peacetime Prime Minister. Meantime he was writing his The Second World War that he finished in 1953. Talking about 1953, it was a very important year for Winston Churchill. It was the year of coronation of Queen Elizabeth II. Churchill received two greatest awards: the Order of the Garter and the Nobel Prize for Literature. However, it was a difficult year for Churchill in terms of health. On April 5, 1955 Churchill resigned from the office.

On April 9, 1963 Winston Churchill received the unique honorary U.S. citizenship from the U.S. Congress. He died in London on January 24, 1965 and buried in Bladon churchyard in Oxfordshire.

Churchill is known in the world’s history as one of the greatest politicians and orators. He had so many positions in the governing body of England that not many politicians can even think of. He was a leader that left a significant mark not only in the British history but the also in the world’s. Sir Winston Churchill was a man of so many talents that people can only admire him and read his famous quotes.

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Posted by mark - August 24, 2013 at 10:15 pm

Categories: Conservative News   Tags: , ,

Isn’t the CONSERVATIVE PARTY of CANADA much different than the GOP here?

I hear that Canada’s "Conservative Party" is much more liberal than the Republican party in the U.S. Is that true and what are some other differences?

Canada is much different than the U.S., as is nearly every aspect of their government, in addition ot being socialist- truly not name-calling- they still consider themselves subjects fo the Queen (of England)

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Posted by mark - August 22, 2013 at 9:18 pm

Categories: Conservative Party   Tags:

The study of comparative embryology reveals the conservative nature of the genes responsible for?

A. embryonic development.
B. intelligence.
C. reproductive behavior.
D. size
E. food procurement.

The study of comparative embryology reveals the conservative nature of the genes responsible for?
A. embryonic development.———————————-Comparative Embryology
It has long been hypothesized that small changes in the pattern of cell division, cell migration, and programmed cell death in early embryogenesis could result in significant patterning differences latter in development due to altered cell-cell signaling. In turn these altered developmental programs could lead to large changes in tissue and body morphologies. This field of comparative embryology examines the early growth of related animals to try to identify these types of differences and to correlate them with later developmental differences. As nematodes have largely invariant cell lineages from a single cell zygote to the adult and as the complete lineage is known for C. elegans. Nematodes are ideal for this sort of comparative approach. Indeed studies have shown that specific changes in the pattern of blastomeres divisions underlie some of the major divisions of the nematode phylum.

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Posted by mark - August 18, 2013 at 7:57 pm

Categories: Conservative Studies   Tags:

Critical and Eclectic Photography

At the beginning, I was acquainted with photography world – honestly – not from an enthusiasm to cameras and photographing, but anger and disappointment. Besides a dream to be a painter and an absence of gears and facilities, I did not know how to use camera correctly. Thus, I had to retake photography class twice; I thought it was useless at that time.

Not to be left behind, I tried to use scanner as a camera and learned to “retouch” my unpleasant photo image to be “fairly better.” As a result, I could get rid of this photography class “thing,” though with an average score. After college, came up a curiosity toward photography. When a friend existed and succeeded in photography world, I was “aroused” to a rivalry.

This feeling and the equipment-lack problem were ammunitions triggering me to learn photography better. After changing jobs several times, I was accepted in a music magazine as a photographer. My first day did not go well. I could not even turn on the studio lighting. With ambitions, guts and some basic knowledge on camera, I had always been trying to create works and learn – until today. As a magazine photographer, I have to produce good photos with a minimum time and preparation.
As I do not skill much technical knowledge, I have to try hard to maximize the photo result – conceptualizing, photographing and finishing.

Obviously, digital software is my daily best friend. For me, a media photographer, this facility absolutely works on; to work on the magazine or as a creative media only – an idealist lust impossibly expressed on the magazine. In all chances, I tend to be critical, both toward something unpleasant and pleasant (of course, critical here is not always negative) – from some things around me to other things necessarily criticized. For me, this critical attitude is what behind the eclecticism of my personal (non-commercial) works. Besides being critical; reading, watching films and hunting any art exhibitions are very useful to enhance knowledge and give new ideas to create works. I cannot deny that this digitalization era are both giving enhancement and transformation in our photography world.

It is now transforming “again” in the process of “self-justification” in its position (perhaps) as one branch of arts. I think, we should take care of it carefully. Many people suddenly become photographers (like me), then become copycats; drown and teased in the beauty fakeness of money glory, without thinking about the idea, meaning and its effect to the life of photography world.
Besides, there is a principle and an antipathy toward a particular change or transformation happens in our daily life. This kind of attitudes, unconsciously, will only bring our photography world to stagnancy, and someday, will drag us to a bad luck. For that, let us fix us, to make the Indonesian photography world better and healthier

Daniel Kreimer

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Posted by mark - August 15, 2013 at 7:11 pm

Categories: Critical Thinking   Tags: , , , , , , , , , , , , ,

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