[QUOTE=Cowperson;3299513]
Quote:
Originally Posted by macker
In the ASC ruling regarding this thread, all of the individuals and companies involved were described as operating their business outside of the normal securities regulatory environment.
So, it isn't rocket science . . . . . if you choose, of your own free will, to give your money to these kinds of wankers then you're on your own and shouldn't be surprised when you're left holding a bag of air.
Killed by your own greed.
Dealing with licenced advisory representatives and firms with oversight by IIROC and other regulatory agencies doesn't necessarily mean you won't get hosed but the odds are considerably lessened and secondly, there is likely recourse to damages if you are found to be in the right on the facts.
Slava makes the great mistake of saying these guys give everyone "in our industry" a bad name when in fact, these guys are operating on a completely separate planet and have virtually no comparison to him/her.
How should Slava market himself? Seminars, advertising, media appearances, volunteer work . . . . etc, etc. Why not? Those other guys have nothing to do with him/her. If you can't explain the difference between yourself and an unlicenced, unregulated shyster then you need to find firmer ground to stand on.
Regarding QR77, they're taking more care these days to make sure broadcasts of this type described have disclaimers, separating the opinions expressed as not those of the station.
I just shake my head when I see someone wanting to give their money to these kinds of outfits.
"Where's the escape hatch in an emergency and secondly, who's watching them?" are the questions I ask. Usually the answers are "none" and nobody." There's clue number one and number two.
Run away.
Cowperson
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Who is ultimately going to prevent this from happening again? Individual investor, ASC, QR77, Rogers media etc.etc. There are many regulation gaps that need to be filled and until such time as things are properly addresssed I would be very cautious of any of these experts on the infomercials. The best advisors don't need to use such tactics and expand from referral marketing.
He was giving individual securities advice and recommendations with a life insurance license
/thread