Congress Got Schooled Once by a BD Owner; It Should Again
December 20, 2016 By Jon Henschen as published on ThinkAdvisor I must start this article by confessing that I’m not only a YouTube fan, but also the nerdy type that watches speech footage from the likes of economists Milton Friedman as well as various financial services thought leaders. Recently, I watched a broker-dealer owner give testimony to Congress. Listening to his testimony compelled me to feature his opening comments as the centerpiece of this article for two reasons. First, the content of his testimony was an onion of truth bombs. Second, his testimony reflected many of the thoughts and concerns that broker-dealer owners discuss in private but are afraid to say in public for fear of regulatory backlash. The speaker, Peter Schiff, is the owner of the BD Euro Pacific, Inc., which is a full service...