Thursday’s teaching is on ‘The Smack of fiscal corruption’, which Congress enacted on October 22, 1988. The smack of fiscal corruption enforced stricter penalties for securities fraud and insider trading.
Why is this important This regulation enforces a safer and more balanced opportunity for honest investors to safely invest in the market without the threat of corruption or unmoral acts by investment managers. This is imperative because as an investor, you want to know that your money is safe and is put to use with a degree of transparency. Regulations in today’s market make it extremely difficult for any particular group or individual to make fraudulent investments due to unfair knowledge.
This means you are able to attain the same information available to wealthy investors such as Warren Buffet. Retaining great public information and using the information to make great investments, is important to having a lucrative investment portfolio.
At the time of this commentary Vijar Kohli, his family and/or clients of Golden Door Asset Management held no positions in the stocks mentioned above — although positions can change at any time.
Vijar Kohli is the Portfolio Manager of Golden Door Asset Management, LLC,a registered investment advisor specializing in individual and high net worth individual private wealth management. For more information on investing with Golden Door Asset Management, LLC please visit our website, www.goldendoorasset.com. Golden Door Asset Management, LLC is a New Jersey LLC, with its principal office located in Manalapan, NJ.
Vijar Kohli is also the publisher of CareStocks, a newsletter focusing in on healthcare services, medical equipment, technology and real estate stocks. More information to the newsletter can be found at www.carestocks.com.