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New Book for Lawyers & Their Clients: “The Discerning Investor” Shows Lawyers How to Avoid “Trial & Error” in Retirement
New Book for Lawyers & Their Clients: “The Discerning Investor” Shows Lawyers How to Avoid “Trial & Error” in Retirement
A pyramid scheme is a type of investing fraud that relies on the continual recruitment of new distributors to sustain itself.
That b of a, morgan stanley, and citi group have all stopped doing business with hna because the know your customer rule, when investment banks start saying they don't want to do business with a customer or a client because of the know your customer rule, you know there's something up. and this is not necessarily a done deal. i mean, maybe andrew knows something i don't, he probably does. there's a lot i don't know. >> i agree with you. >> but i think this is not as slam dunk as you might think. >> in theory, yes. mnuchin runs the regulatory body. trump could rubber stamp it. is trump truly go...
This poster child of the issue, were you surprised to see his name in the current headlines? >> well, i was, but you have to understand the nature of the investigation the gao did for senator levin. we were looking at money going from eastern europe to the united states, back to eastern europe and individuals' names did not appear that that report. i refamiliarized myself with the report. corporations did. bank institutions did. but the fact is, is what gao found was the know your customer rule clearly was being violated by the u.s. financial institutions. >> can you explain that further. just...