Financial Advisors paying up for bad decisions

2007 was a poor year for investors in finance companies but it was a worse year for the financial advisers who directed those investors. Many investors, or more accurately, clients are taking legal action against their advisers. Some of the stories are quite unbelievable with advisers directing money into investments which struggled to meet any kind of benchmark relating to their clients risk parameters and investment goals.

Sadly many financial advisers have little market experience and come from the selling side of the business. It’s the old “churn and burn” mentality. They can’t manage risk because they don’t know much about it. They simply direct the traffic into a range of investment choices differing marginally in yield.

Many advisers are now paying clients out in full to avoid legal action. Fair enough. They act in a position of trust and supposed expertise and should be accountable.

70,000 sign petition for Pervez

Even Condelezza Rice is giving her support to this campaign. Thanks to all who have given their support.

It does/you can make a difference.

Save Pervez: Death Sentence for Supporting Womens Rights

I just finished reading Khaled Hosseini’s follow up novel to the Kite Runner called a Thousand Splendid Suns. It could be called a thousand beatings given the amount of male on female violence in the book. I don’t want to put people off it as he both tells a story and exposes the manner in which many women are treated in feudal based societies such as those operating in some areas of Afghanistan

So it didn’t surprise me when I read about this young man, Sayed Pervez Kambaskh, who has been sentenced to death for daring to download a report about the oppression of women by Muslim fundamentalists and how it was directly against the teachings of the prophet Mohammed.

A huge campaign has been mounted on behalf of Pervez as the continued erosion of civil liberties and human rights continues in Afghanistan. This is what the web is all about so get online and sign the petition, blog about it and generally embarrass Hamid Karzai into action.

Death continues to lie over this country like a dark shadow but its one off events like this that can have huge repercussions.