Major talk of parents, to respect policemen when Police Stopped them. I think it is very necessary for us to talk about parents while we talk about police. [indiscernible] host willy bringing up what we heard from the last couple of viewers, that there is a societal role here as well. If you want to look at more at the Marshall Projects work, you can go to the marshallproject. Org. You can follow them on twitter. Simone weichselbaum is a staff writer for them. Thank you for talking to the viewers about your work. Appreciate your time this morning. Guest thanks for having me. Host that does it for todays washington journal. We are going to bring you now to the Labor Department. They have recently called for new Consumer Protections. Jeffrey science is a keynote speaker today Jeffrey Zients is a keynote speaker today. He will be talking about regulation of retirement Financial Advisors. Live coverage here on cspan. [captions Copyright National cable satellite corp. 2015] [captioning perf
One issue is even if there are no abuses the industry cannot handle having a best interest standard applied to these recommendations. Thats what the dol is doing. Its almost the standard that is applied to broker dealers under the suitability standard. The recommendation must be consistent and you look under the hood and it turns out these are some of the worst violations that you can find. In one case the court said this was egregious misconduct. These are cases if many if not most broker deals. The unsuitable recommendations are accompanied by other Violations Including failure to supervise, churning, misrepresentations or omissions and unauthorized trading. The suitability standard works. Lets not make believe that its actually serving clients best interest. Youve said the current rules support a race to the bottom. Why do you think they support a race to the bottom currently . I think hearing the panelist discuss all the legalese involved here its a well documented fact that its ve
Is what im talking about. Its been a bad february and this is the first trading day of the month already here kelly, so its not getting off to a great start with the dow down almost 2 following a 2 slide in the nikkei overnight. And, bill just so people can get some context around what were seeing this looks like the worst start to a month in terms of percentage losses for the dow, for the s p since 1982 and for the nasdaq potentially ever at least going back to 1972 as our data does. Lets talk about this. I mean its clear that this market is struggling in 2014. What does it mean for you as an investor . With us today, gina sanchez from chantico global. Michael gued anthony chan from chase. And our own Rick Santelli. Michael, we have been talking for months about the need for a 10 correction in this market that did so well in 2013. It would appear its under way. It certainly would appear, and i think its actually perfect opportunity for investors to reposition portfolios. Going into th
This morning the speaker when asked about the plans asked about the details and i believe he said blah blah blah. [laughter] do you feel like you are begin their cut before you unveil your plan and giving the remarks where does this stand . I dont think we cannot afford to wait. I cant settle for an economy that grows at 2 , settle for high employmen unemployment andt able to live on their own. A declining wages for the middle class. We need to be the party of growth and opportunity, restoring the American Dream and this is something americans have hunger before. We have an obligation. I put up this draft so that we could engage the American People on this and i think this is some of that as i travel the country and through the hearings ive had this is something that is very much to move forward. The new cspan. Org website makes it easier than ever to keep tabs on washington, d. C. And share your findings via facebook, twitter and other networks. Easy search functions let you access da
Were repeated attempts in the house and senate for a period of almost 12 years. It may be time revisit federal criminal code reform and to be sure, many of the challenges that Face Congress after the Brown Commission remain. Nevertheless, i believe that we do have a meaningful opportunity for reform. A bipartisan consensus has been developing around the idea we should be smart on crime. And given the current recep different to evidencebased implementation the time may be right for reconsideration of federal criminal code reform. I do have a number of suggestions for consideration if congress were to consider embarking on an effort to revise the federal criminal code. The first is the establishment of a new broadly representative commission, much like the Brown Commission, to draft federal criminal code reform legislation or to work with existing legislation like chairman sensenbrenners bill. The second is a partnership with the stabbed and respected law reform entities such as the Amer