One of the issues that plagues investor education and financial service professionals, who are focused on educating retail investors and have a vested interest in a better-informed client base, is that many individuals don’t perceive themselves as investors.
The combination of the financial crisis, events like the Libor scandal, and frequent news stories about financial organizations putting their interests above their clients, it is obvious why some investors may be concerned about the quality of advice and the motivations of their financial service providers.
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The Securities and Exchange Commission has postponed by six months a liquidity rule for open-end funds. Deadlines for complying with other investor-protection requirements are unchanged. ThinkAdvisor (free registration) (22 Feb.)
The eurozone must move forward with a fiscal union because sharing risk is the only way to manage fiscal shocks initiated by problems in one country that private markets can't handle, according a paper by the International Monetary Fund. Rather than encouraging irresponsible borrowing and spending, a fiscal union could be structured in a way that strengthens fiscal discipline and forces structural reform, the paper says. Politico Pro (subscription required) (22 Feb.)
First-time claims for US jobless benefits declined by 7,000 last week to a seasonally adjusted 222,000, close to a 45-year low, according to the Labor Department. The unemployment rate is 4.1%, the lowest figure in 17 years. Reuters (22 Feb.)
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