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The analysis of Perpetuity

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The analysis of Perpetuity
As a finance major currently signed up for the CFA charter, I inspire to go into the financial services industry. This specific industry has a long and significant history of high profile legal issues. The topics discussed within business law will surely come up in my near future within the financial services professional world. With the emergence of new investment vehicles and technology, there have been many elaborate insider trading and financial fraud crimes that have occurred in the last decade. With these increased crimes, punishments have also increased in magnitude. In order to foster a successful career as a future financial planner/advisor, I must be extremely aware of the various laws and regulations that relate to this field and to the many before me that have fallen victim to these crimes. In the last decade, the financial services industry has seen an extremely negative reputation decline. This has been due to the countless financial crimes that have been conducted. As an aspiring financial advisor/planner, I must professionally be aware of the various legal problems that exist in this field and ensure I don’t fall victim to committing any of these crimes. Financial planning and advising services deals with helping clients with the various topics: equities, fixed income, real estate, insurance, taxes, retirement, and general financial planning. Dealing with clients on a daily basis, brings up many different liabilities. Certain financial advisors or planners must act as fiduciaries to their perspective clients. As discussed in class, there is a certain relationship regarding an agent and his principal. In my case, as a financial advisor I would act as the agent and my principal would be my clientele. Fiduciary, is the trust or loyalty I owe to my client, as an agent I am supposed to place my principals interests ahead of my own. Essentially a fiduciary relationship ensures that my client is given reasonable care, is accounted for, and I display


Cited: "Become a CFP® Professional." CFP Certification Requirements. Certified Financial Planner Board of Standards, 2013. Web. 03 Dec. 2013. Bundrick, Hal M. "Lottery Winner Sues Advisors for Poor Policies." Yahoo Finance. N.p., 27 Sept. 2013. Web. 02 Dec. 2013. Corporations and Limited Liability. Educational Video Series. Kahn Academy, 2010. Cussen, Mark P. "Breaking Down Financial Securities Licenses." Investopedia. N.p., 06 July 2013. Web. 02 Dec. 2013. Garnick, Coral. "Seattle investment adviser guilty of fraud in $46M case." . The Seattle Times, 07 Nov. 2013. Web. 2 Dec 2013. Phillips, Ted. "Tibor Klein, Financial Adviser, Sued by SEC for Insider Trading." Newsday. N.p., 21 Sept. 2013. Web. 02 Dec. 2013. "Uniform Securities Act." Investopedia. N.p., n.d. Web. 03 Dec. 2013. United States of America. US Securities and Exchange Commission. Trading Suspensions. N.p., n.d. Web. 02 Dec. 2013. Woodruff, Mandi. "Crime Writer Wins $50 Million Lawsuit Against Her Financial Advisor." Business Insider. N.p., 21 Feb. 2013. Web. 02 Dec. 2013.
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