Unpublished Opinions
Lethbridge, Alberta
About the author
His 2018 Book "About Your Financial Murder..." is found on Lulu.com http://www.lulu.com/shop/http://www.lulu.com/shop/larry-elford/about-you...
Investment Misconduct and Malpractice Analyst
Larry Elford is acclaimed as a qualified expert on the subject of White Collar Crime as it relates to the investment selling industry. He is a retired CFP, (Chartered Financial Planner), a CIM, (Certified Investment Manager) by the Canadian Securities Institute, a FCSI, (Fellow of the Canadian Securities Institute), the highest designation awarded by the Canadian Securities Institute to those for top achievements in educational and industry accomplishments. He is also an Associate Portfolio Manager and Director of the Canadian Justice Review Board of Canada.
Larry worked inside the largest financial institutions in Canada for twenty years until his retirement in 2004. He works today writing, speaking and coaching Canadians on how to create safe and honest treatment for investors.
Larry Elford is also an author. He was included in John Lawrence Reynolds’ second edition bestselling book, The Naked Investor, Why Almost Everybody But You Gets Rich On Your RRSP and Bruce Livesey's 2012 book, Thieves of Bay Street, How Banks, Brokerages and the Wealthy Steal Billions from Canadians. He self-produced a documentary film, Breach of Trust, The Unique Violence of White Collar Crime, to benefit investors, legislators and those who investigate financial crime. It can be viewed on Youtube. https://youtu.be/k2K6pzFtyTU
Twitter: @RecoveredBroker
Facebook group for Fraud victims
https://www.facebook.com/groups/albertafraud/
Facebook group for Fraud victims across Canada (Small Investors Protection Association of Canada, 1998)
https://www.facebook.com/groups/240100382792373/
Video site for victims of investment malpractice
http://www.youtube.com/user/investoradvocate?feature=mhe
www.investoradvocates.ca research site
His first book is Titled "ABOUT YOUR FINANCIAL MURDER..." detailing the extent of financial abuse of the public attributable to a "self" regulated investment industry.
His second book, published in April of 2020, is "Farming Humans" and is about "How to quietly strip America bare of the truth "all men are created equal”, found in the U.S. Declaration of Independence, in less than 250 years….http://www.lulu.com/shop/larry-elford/farming-humans/paperback/product-2...
How Investment Dealers Fool All Of The People. All Of The Time
August 12, 2018
I worked inside the investment industry since before Glass Steagal was repealed in 1999, long before Big Banks took over 90% of the investment dealers in my country of Canada. Since that time the biggest change I began to notice is a newfound magical ability to operate above the laws of the land. In the United States I noticed a similar effect since Banks were "unthrottled". They have gotten away with financial murder of society ever since. This story describes just one example of how easy it is to financially abuse the public.
This week I was sent a well researched and clear legal document, and the good news was that by the time I had read the first twenty pages, I realized it held a key to diagnosing one of the greatest active frauds being perpetrated upon investors today. The even-better news is that it helped illustrate just how easy it is for investment dealers to deceive and dupe a few hundred million North Americans. The deception is as simple as....simply lying.
Lying about the license, registration, and duties of care for millions of North American investors is so simple as to be completely overlooked by everyone involved. For decades...
I urge you to read along, and correct any misunderstandings I have. If my information is correct, these frauds are being done on a scale that goes far beyond North America. A similar game of "Bait and Switch" is playing out in other developed countries worldwide. Read along, and please correct me where I am wrong, or notify me of other regions and countries that I am not yet aware of. I will utilize this data in upcoming work with the Transparency Task force which operates worldwide, out of London.
The YOUTUBE video below is just 3 minutes long and it is the lead story by Canada's CBC National News for March 29th, 2017. It shines a light into how common it is to lie to investors in Canada...and get away with the lie.
The legal report referenced in this article is just so well done. I must applaud everything about it. It also demonstrates how EASY IT IS to FOOL ALL OF THE PEOPLE, ALL OF THE TIME.
Here is the conclusion of the 70-something page report:
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X. CONCLUSION:
As has been noted above, the liability exposure for financial advisors is very fact- specific. Courts are guided by a variety of sources to determine not only the existence of a duty, but the nature and scope of that duty which a financial advisor owes to a client.
Report is found here http://www.dolden.com/wp-content/uploads/2016/06/154-Legal-Liability-for...
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What it HELPS to point out is how clear and fact-specific are rules and laws surrounding the Who, What, Where, When and Why of professional advisers. It leaves very little to debate.
What it fails to point out is that in order to fool all of the people, all of the time...all one has to do is to lie. That's it. That's all.
Easy-Peasy, since no one is left to question the lie, when almost every regulator is hand picked or hand paid by the financial industry. Lie and several hundred thousand people who benefit from the lie, will back up the lies...and help cheat the nation out of billions of dollars each and every year.
To be clear, all the financial sales industry needed to do was to "re-label" (illegally or otherwise) all of their "brokers", "salespersons", "insurance", and "mutual fund" agents, as something that makes people think they are dealing with legally registered fiduciary "advisers", as described on page 20 of the legal report enclosed.
By failing to let the public know of the truthful registration category of each firm's sales agents, by hiding it and using a clever "vowel movement", no investor is even given a fair or honest chance to know whether they are dealing with a registered professional, or what constitutes a registered professional. It is like a game of three card monty. ***At this time I should point out the ONLY questionable item of credibiity in this legal report. I noticed that the report "fell for" the "vowel movement" of the words "adviser" (which has lawful meaning in any Securities Act) and "advisor" (which usually does not). It speaks further of the ease of fooling investors, since it is easy to fool even reputable securities lawyers. (by "fell for", I mean that they appeared to not understand or identify the dramatic difference in legal meaning between those two words, and THAT is precisely how most people dupe themselves...by mistakenly assuming that those two words mean the same thing in the securities game. They do not.
Simply disguise hundreds of thousands of sales agents so that the public (and the experts) are perfectly deceived and duped.
Once the public is properly (and illegally) deceived, financial firms can then sell them lesser quality, or more expensive investments, which unjustly enrich the firm at the expense of the investors. This is something the true fiduciary professional cannot do. But the falsified financial "advisor" by lying, ensures that the public never gets a chance to know the truth.
Investors then buy "investment-like" products from people who are falsified "advisor-like" agents. Undisclosed dual agents in truth. Agents who are able to legally act as counterparties against client's financial interests, while illegally concealing their true professional qualifications and duties. Imagine entering into a financial relationship, for your family's life savings, and never having the right to know whether you are in an "antagonisitc" "winner takes all" relationship, or a truly licenced and registered fiduciary "adviser". All while you are led by advertisments and business correspondence to believe that you are in a different relationship entirely. The definition of fraud comes to mind.
I ask readers a second time to share this information with those you love, and to please contact the author of this article if you find anything herein that needs to be corrected. I am here to be correct in what I write, or to stand corrected. I promise that I will accept any and all suggested changes that stand up to well-researched, and well-documented proof of fact.
Thank you so much.
Larry Elford
Canada
@RecoveredBroker on Twitter
Investment System Fraud on Facebook (posting your observations and needed corrections there will allow for a fair and open discourse)
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