Torture is alleged to be undertaken by the CIA (under authorization, at least to an extent, from someone in the Bush Administration). While many issues exist, which deserve close examination in the days, weeks, months and years ahead, two issues have found their way into the discussion of the CIA’s acts:

First, was it torture?

Second, if it was torture, was it not justified? In other words, do the ends justify the means?

In this blog post I provide an examination of some of the legal authority, as well as a very brief review of ethical theories, with the hope of informing your understanding of these complex issues.

What Were the Acts Which the CIA Undertook?

While we only have the U.S.

As we approach 2015, I share with my "wish list' for the DOL, SEC, state securities regulators, and the various voluntary professional associations.

And I encourage YOU to undertake simple act, involving just a few minutes of your time, which may well serve to put us back on the path toward a true profession.


I've grown increasingly concerned about stock market valuation levels.

There are many ways to determine valuations of individual stocks, and then by extrapolation the valuation levels of asset classes or the overall U.S. stock market. Some measures, however, such as P/E ratios, are highly volatile and can at times yield valuation measures which are even, at times, nonsensical.

The power of a bona fide fiduciary lies in her or his blunt refusal to be compromised.

Steadfast Integrity. Complete Objectivity. Expert Advice. Complete Candor and Honesty.

The Power of Trust.

It is time to look for an appropriate marketplace solution to the problem that consumers do not know who they can trust. The essential problem is that Wall Street has captured the SEC, and that the SEC has over the past three decades essentially gutted the fiduciary standard under the Investment Advisers Act - by not applying it and by permitting investment advisers (especially dual registrants) to disclaim away their core fiduciary duty of loyalty.

If American consumers believed that they could trust their financial advisors, demand for the services of financial advisors would soar.

I admit it. I'm a "believer." Yes, I am even a "fiduciary" zealot.

I believe when you say, "I act in my client's best interest," it means never placing your interests above that of the client. No caveats. I believe that core fiduciary duties cannot be waived by clients, nor can disclaimers of fiduciary duties be upheld as legitimate.

I believe when you say, "I provide objective advice," it means that conflicts of interest are avoided.

On a cool Spring morning in Chapel Hill, North Carolina, Grandfather's pace quickened as the hill was crested. His wooden walking staff, at six feet long nearly as tall as Grandfather's slightly stooped frame, cracked with an escalating rhythm upon the granite street as we approached the park.

Grandfather paused before entering upon the dirt path ahead. Reaching down he picked a fresh green leaf from a small tree.

During its 2014-15 term, the U.S. Supreme Court will hear arguments on the following issue in the case of Tibble v. Edison: "Whether a claim that ERISA plan fiduciaries breached their duty of prudence by offering higher-cost retail-class mutual funds to plan participants, even though identical lower-cost institution-class mutual funds were available, is barred by 29 U. S. C.

Economist George Akerlof wrote about “Gresham’s dynamic” in his famous 1970 article, "The Market for Lemons: Quality Uncertainty and the Market Mechanism." This paper by discussed information asymmetry, which occurs when the seller knows more about a product than the buyer.