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Jon Henschen Tag

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Thomas Sowell: A Beacon of Reason in a Nonsensical World

17:54 01 February in Articles Written by Jon Henschen by rafferty

January 31, 2018 By Jon Henschen, Intellectual Takeout When I hear the name Thomas Sowell, it gets my immediate attention. Dr. Sowell, recently retired from his position as Senior Fellow at Stanford University’s Hoover Institution, is an American economist turned social theorist, political philosopher, and best-selling author. Born in North Carolina in 1930, Sowell grew up in Harlem, New York. He dropped out of high school at age 17 due to financial difficulties and problems at home, but went on to serve in the United States Marine Corps during the Korean War.  Following the war, he received a bachelor’s degree from Harvard, graduating Magna Cum Laude in 1958. The following year, he received a master’s degree from Columbia University. In 1968, he earned a Doctorate in Economics from the University of Chicago. Sowell served...

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Finra Warns B-Ds On Hiring Brokers With Spotty Records Living Large

16:57 22 January in In the News by rafferty

January 22, 2018 By Tracey Longo, Financial Advisor High-risk reps are finding it much harder to find a job these days, as Finra tightens the proverbial screws on firms that employ brokers with regulatory red flags. The Financial Industry Regulatory Authority has even begun calling firms that hire “high-risk” brokers to ask executives for explicit justifications for the hires. The threat made to firms, no longer even thinly disguised, is that hiring risky brokers will result in more frequent and far more rigorous Finra examinations for the B-D. The scrutiny is making it far tougher for any but the most profitable brokers to find a new firm if their regulatory record and background check puts them in Finra’s high-risk program hairs. If a firm runs the regulatory gauntlet and brings on a high-risk broker anyway,...

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The Subtle ‘Tyranny’ of Regulatory Overlords

19:23 15 January in Articles Written by Jon Henschen by rafferty

January 12, 2018 By Jon Henschen, Intellectual Takeout Who really benefits from the 14,000 pages of Dodd-Frank? If you’re a business owner, you quickly learn the pains of regulation and how it impacts your ability to survive and thrive. Author and theologian C.S. Lewis framed the topic best when he said, “Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.” This description aptly describes the actions of governmental bureaucrats who make up...