Monthly Archives: May 2013

How to Avoid Brokerage Firm Failures: Independent Financial Advice

  I first wrote in this post November, 2011 about a problem with brokerage firm failures. I think during times when there is no news like this is a good time to rethink the quality of one’s brokerage. Just how good is SIPC insurance? How good are the private insurance contracts that brokers also use? Remember the Enron crisis was facilitated by a brand name big four CPA auditor. Many of the monoline private mortgage insurance companies that insured mortgages went bankrupt during the great 2008-09 crash making guarantees useless. The question about how can one be certain of anything reminds me of the quote in Nasim Taleb’s book “Fooled by Randomness” he asked “how does anyone one know anything?”.

2017-01-10T23:30:05-08:00 May 17th, 2013|mayflowercapital blog|Comments Off on How to Avoid Brokerage Firm Failures: Independent Financial Advice