Elizabeth Warren

Dustlawyer

(10,494 posts)

4. I wish this had come years before, but glad it has happened!

Sun Apr 24, 2016, 09:38 PM

Apr 2016

My parents invested with Merrill Lynch during one of the biggest, booming markets, yet they managed to lose and fee away most of my parent's savings before they could pull out. They churned my parent's account horribly, making numerous trades without their knowledge.

Small investors like my parents all suffered from those greedy thriving assholes!

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37 replies

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Elizabeth Warren's Big Win: The New, Much-Needed Rule That Could Rein in Wall Street [View all] eridani Apr 2016 OP

Love her!!!! Jackilope Apr 2016 #1

No fees! Sounds like more filthy hippies wantin' free stuff! brewens Apr 2016 #2

Indeed. Silly socialist! Silver_Witch Apr 2016 #27

That's a good ruling. One question, how is this not an accomplishment of Obama Admin? Hoyt Apr 2016 #3

Because some people hate Obama IronLionZion Apr 2016 #6

It sounds like an Elizabeth Warren accomplishment and Not an Obama one fasttense Apr 2016 #25

Sounds to me his admin promulgated the rule. But Obama doesn't get much Hoyt Apr 2016 #28

I am glad to give Pres Obama credit when due, but I will also hold his feet to the fire rhett o rick Apr 2016 #29

While you were watching closely, he greatly improved prescription drug coverage under Hoyt Apr 2016 #31

Are you expecting me to give him credit for not cutting SS? How about the drone kills? rhett o rick Apr 2016 #32

He DID put our Social Security Money "on the table". bvar22 Apr 2016 #34

He might have put it on "the table" as a bluff, but there was ultimately no cut. Hoyt Apr 2016 #35

Not THIS time, bvar22 Apr 2016 #36

I wish this had come years before, but glad it has happened! Dustlawyer Apr 2016 #4

Churning is a scourge whether it's done by investment advisers JimDandy Apr 2016 #5

index funds are usually best for ordinary people IronLionZion Apr 2016 #8

I ws lucky enough to know about Vanguard dixiegrrrrl Apr 2016 #9

Incrementalism is not always bad as long as you are moving in the right direction..you eventually Jitter65 Apr 2016 #14

Why not an unimportant issue, if this is our approach to solving the big bank issue we as a Skwmom Apr 2016 #19

Related thread Jack Rabbit Apr 2016 #7

The GOP is trying to undo the CFPB that she Ilsa Apr 2016 #10

This is great news for people who can afford to invest. eom zalinda Apr 2016 #11

Throw 'em a bone before we cut Social Security. Enthusiast Apr 2016 #12

And that is all it is, a bone. It does not address the huge problems with Wall Street. Skwmom Apr 2016 #18

It shouldn't be too much to ask that firms look out for the best interests Enthusiast Apr 2016 #21

It sounds like these are being made as regulations davidpdx Apr 2016 #13

She would need to protect her backers AllyCat Apr 2016 #24

KnR nt 99th_Monkey Apr 2016 #15

This message was self-deleted by its author mrr303am Apr 2016 #16

You do realize that this only address ONE problem and hardly reins in Wall Street. Skwmom Apr 2016 #17

we've been conditioned to salivate over bone tosses Skittles Apr 2016 #20

Sounds great, but TrueDemVA Apr 2016 #22

"... the Obama administration is calmly trying to enact lasting progressive change." Scuba Apr 2016 #23

Hooray for Elizabeth Warren! raging moderate Apr 2016 #26

So, I'm not, nor have I ever been middle class. Stryst Apr 2016 #30

A financial transaction tax would be a big help here IMO eridani Apr 2016 #37

This will cut costs for investors houston16revival Apr 2016 #33