Bank Organized Crime | Unpublished
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Unpublished Opinions

elford's picture
Larry Elford
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

lelford@shaw.ca

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...

 

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Bank Organized Crime

January 31, 2019

Fear of economic uncertainty is the #1 cause of stress in many peoples lives.  Working twenty years inside some of the largest banks in the world, I witnessed how organized financial systems cooperated (conspired?) together to cause billions in harm to society. I am compelled to share this rather than remain silently complicit.

1.  Banks and investment dealers pay less than one Billion dollars to control virtually every key regulator in the land, while they (banks) made profits of $45 Billion last year. 

2.  Choosing and paying the key regulators gives banks power and influence over the regulators, rather than the other way around.   The cost to control the regulators is known in the industry as a small “insurance premium” to protect the payer of the premiums.

3. Power over the regulators means banks can ignore certain laws, and can also purchase passes to be “exempt” from other laws and public protections. (510 Exemptions granted by the OSC in 2017 and 410 in 2018 according to OSC staff...see links in comments section below) 



They can unjustly earn billions of dollars while regulators turn a blind eye.  Examples are contained in a book of organized financial crime titled “ABOUT YOUR FINANCIAL MURDER…”.

found here:  http://www.lulu.com/shop/http://www.lulu.com/shop/larry-elford/about-you...

(Top six US banks made profit of $100 Billion last period, using similar regulatory capture tactics)

Canada’s Big 6 Banks gouged out record annual profits of $45 billion in 2018!

That works out to more than $22 million in profit every hour banks are open – 6% higher than in 2017, and more than double their profits in 2010.

This is the 8th year in a row the Big Banks’ profits have gone up – has your pay increased every year for the past 8 years?

The big banks also paid their CEOs $10 million each on average in 2018, and gave all their executives a total of $15.2 billion in bonuses (6% higher than in 2017, and 75% higher than in 2008).

Yes, you read that right -- $15.2 BILLION in bonuses. See the details in this Toronto Star article.

 

link to star article:

https://www.thestar.com/business/2018/12/05/bonus-pools-at-canadian-banks-climb-65-in-a-polarizing-year.html

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