Would you get investment advice from Amazon? Would you buy stock from them? We're not the first to think of this... I think even Cramer had something to say about this a while back.
From Investment News
What would it take for you to switch from E*Trade or Ameritrade or Schwab to Amazon?
Last month the House passed the CHOICE Act, its effort to repeal much of Dodd-Frank and give the states more individual authority over securities regulation. Karen Kunz talked with Wisconsin Public Radio's Culture Time about its potential impact on Dodd-Frank www.wpr.org/house-republicans-pass-choice-act-repeal-portions-dodd-frank
Authors Karen Kunz and Jena Martin of When the Levees Break recently wrote a conversation piece on theconversation.com discussing the Dodd-Frank Act, and how both political parties are wrong and should take a step back to analyze the best way to prevent the next financial crisis.
Read the entire story here: https://theconversation.com/why-dodd-frank-or-its-repeal-wont-save-us-from-the-next-crippling-wall-street-crash-73417
There is a disconnect, or more precisely, a disaggregation, in our current markets between the companies in our regulatory framework and the stocks that purport to represent them.
We don’t buy stock to invest in the company anymore – often we don’t even understanding what the companies we buy actually do or make. Now we buy stocks because of the value they represent. We buy analysts’ picks because the prices will go up – or down if we’re hedging our bets.
What stock have you purchased recently solely because you love the company and think of it as a good investment?
*stock certificate courtesy Google Images
We think regulation of investments and investing has become so complicated and complex that that is has become incapable of accurately monitoring and regulating the flow of investments. With the power of a tsunami, the last crash shook the very pilings our our system. The next one may wipe them out.In our book we envision an entirely new way to look investing and regulation with an eye toward shoring up the original concepts of the 1930s. We plan to use this site and our blogs to talk about our ideas. We hope you will join us and look forward to your thoughts and ideas!