Forefront Capital CEO Brad Reifler pays a little bit of attention to the film world, especially when movies about his line of work are dropping — such as the film “Money Monster”. “Money Monster” stars George Clooney as a television host who helps people make choices on Wall Street. A disgruntled viewer soon takes over the show, armed with a bomb, after seeing his fortune bleed away due to bad advice. While the film is fictional there are some circumstances that are very much real. Reifler decided to point out some common issues surrounding Wall Street, especially in the face of those who are considered a ‘lower tiered’ investor.
Reifler is quick to point out that there is a huge fundamental flaw in the way that Wall Street works. The vast majority of brokers on Wall Street charge their fee irregardless of how well their clients are actually performing. For 1% level investors this is no big deal, but for those that don’t meet SEC ‘accredited standards’ this could end up being devastating. Wall Street needs to be held accountable for their failures, not just those who have entrusted them with their money.
Next up Reifler points out how unfair the whole investment field is thanks to SEC rules and regulations. In order to get granted the most accessible investment opportunities you must be listed as ‘accredited’ by the SEC. To claim this title you need to have a net worth exceeding $1 million dollars, excluding your value in real estate. This literally means that 99% of the people in the country are going to be left by the wayside. Which brings us to Reifler’s final point.
The stock market is one of the most volatile investments that people can make and non accredited investors can go completely bust overnight. With Reifler’s help there is more hope for investors to make that upward movement. See Brad’s full list of credentials on LinkedIn, or follow the man himself on social media.