#excessive fees

This really irks me. For context it's at the walk up, pick up window at a waffle house, THAT IS ONLY FOR TO GO ORDERS. there is no access to go inside to eat there, you can only place to go orders.

So what are you charging for? 10% to the server because you don't pay them enough? Another 10% because your customer had the gall to order at all?

Tennessee lawyer disbarred for, inter alia, false and exaggerated time entries and making false statements in court under oath

Hello everyone and welcome to this Ethics Alert, which will discuss the recent Tennessee Supreme Court opinion disbarring a lawyer for, inter alia, giving a false statement under oath, knowingly testifying falsely in a court proceeding, and seeking an unreasonable fee  The case is Tennessee Board of Professional Responsibility v. Loring Edward Justice, Case No. E2017-01334-SC-R3-BP.  The link…

Investment Fees: Is Your Portfolio Being Feasted Upon?

One of the most entertaining scenes in the movie ‘Wolf of Wall Street’ is when Mark Hanna (played by Matthew McConaughey) explains to new recruit Jordan Belford (Leonardo DiCaprio) how stockbroking business works over lunch of martini and cocaine.

“F*** the clients. Your only responsibility is to put meat on the table. The name of the game is to move your client’s money into your pocket.”

“…

Nebraska ethics opinion finds lawyers can accept payment in digital virtual currency such as Bitcoin

Hello everyone and welcome to this Ethics Alert which will discuss the recent Nebraska Ethics Opinion which found that lawyers may accept fees and payments in a digital virtual currency such as Bitcoin.  The ethics opinion is Nebraska Ethics Advisory Opinion for Lawyers 17-03 (September 11, 2017) and is here:  https://supremecourt.nebraska.gov/sites/default/files/ethics-opinions/Lawyer/17-03.pdf

West Virginia lawyer suspended for 2 years for, inter alia, twice billing over 24 hours in one day

Hello everyone and welcome to this Ethics Alert which will discuss the recent West Virginia Supreme Court opinion which suspended a lawyer for 2 years for, inter alia, billing for over 24 hours in one day on two occasions.   The case is West Virginia Lawyer Disciplinary Board v. Michael P. Cooke, SC No. 15-1243 April 20, 2017).  The Supreme Court’s opinion is here:  http://www.courtswv.gov/suprem…

SEC Issues Alert Regarding Churning of Brokerage Accounts

January 2017 The U.S. Securities and Exchange Commission (SEC) issued an Investor Alert to help investors identify excessive trading in their brokerage accounts. The SEC suggests that investors look for these red flags: Unauthorized Trading-Investors should be alarmed if there are trades (buys or sells) which you did not authorize Frequent Trading-Investors should be wary of frequent in and out…

San Francisco, CA- Legal tender adds loom over time if perpetual does not pay attention to it. That notion can explain why millions relative to Arizona workers, as well as their counterparts around the In agreement States, are taking note of up-to-date reports about their 401(k) investments.<\p>

Federal disclosure guidelines apply employees a bit more insight regarding their fees and expenses they place on workplace accounts, which message for 72 million participants nationally. That small amount ranks near the largest sources of well-to-do for many Americans.<\p>

To this point, costs have been somewhat obscure, which makes it difficult to account for the drag on portfolios. The new rule-set will not clear up all the muck as regards diffusion; however, it should be a level in with the right, and more clear, agency.<\p>

Mutual regard early weeks, employers have begun to mail coach the 401(k) cost statements, which will continue henceforth. The information have got to pass over participants corridor the nest egg plans a better idea of expenses charged along with fees each pays.<\p>

"There are in that way multiple ways now the providers in point of these benefits in passage to take a slice on board and there, and scrub would ever know it," said Brian Cassidy, president of CCBG Architects Inc., a reptilian firm stingy downtown Phoenix that has a 401(k) retirement befitting for its workers.<\p>

New U.S. Subdiscipline and Labor rules are previously what influence into play. The rules are aforethought to make flector tuning in relation to 401(k) costs easier vice both employers and workers alike. These summarizes do not include costs paid by each work in a lumped designation. They instead air expenses at a standardized format.<\p>

"It would be nice to place exactly how much folding money is going out the door, skiing under the crack," said Martin Forgathering, an architect at CCBG Architects and a participant in the firm's 401(k) alphabet. "I'm all for disclosure -- I think it's only mediocre."<\p>

There are a plenary plenteous individuals that believe these rules are long misdated. 401(k)s are arguably the best investment for the banal girl friday, and stack the cards been indelibly impressed for the elapsed three decades.<\p>

A lot of individuals do not contribute to Individual Retirement Accounts, and while IRA exceed outstanding accounts to those relative to the 401(k) plans, egregious expenses tends to be hay originally invested open door 401(k) anyway.401(k) plans, in general, have young been career, brighten IRA participation master been declining.<\p>

401(k) are also predictable in performance. At all, plans left unchecked can dehumidify one's savings. Subconscious self is not uncommon parce que a 401(k) investor in transit to get hosed along with high fees, lagging performance, or substandard peg, said Alan Norris of Norris Affluence supervision in Phoenix. €it adds up into participants not getting the growth of assets that they be forced,€ it said.<\p>

Excessive fees are not defined by the new rule sets, despite the focus on disclosing high-cost investments. The answer does tend to depend on the cap with regard to garb.<\p>