SEC Chief Raises Concern About Broker Bonuses

SEC Chief Raises Concern About Broker Bonuses

http://www.nytimes.com/aponline/2009/08/31/business/AP-US-SEC-Broker-Bonuses.html

Mary Schapiro, head of the Securities & Exchange Commission has warned US investment houses against using bonuses and other inducements to attract and recruit brokers who generate high sales volume and act against consumer interests. The high compensation or the additional incentives offered to lure brokers may encourage them to sell securities in high volumes to justify the special benefits granted to them. The pressure may also force the brokers to conduct in such a way that it is harmful to the investors, Schaprio said in an open letter to the CEOs of the investment firms. So the CEOs and the management of the various investment firms should keep in mind that investor interest is their prime motive and should be carefully considered in all types of transactions. So investor is supreme and we need to take care of him.

Oil Prices Mirror Investor Confidence Levels

Oil Prices Mirror Investor Confidence Levels

http://news.yahoo.com/s/nm/20090901/bs_nm/us_markets_oil

Oil prices dropped to $68 a barrel yesterday on reports of growing investor concerns about the state of the economy. The drop in oil prices followed the sell off witnessed in the stock markets as investors put concerns with regard to consumer confidence ahead of positive data from the manufacturing, housing and automobile segments.

Oil prices have been see sawing over the past few months, moving up or down depending on the news coming from the US economy. The past few days have witnessed a continuous drop in oil prices from the high of $75 a barrel to the current $68 a barrel, first on account of weaknesses in the Chinese markets and then by the sell offs seen in the US markets.