Thursday, May 21, 2015

Construction Up, How Banks Are Supervised, CFTC Meeting Agenda, NDDF & Sethi Petroleum

Residential construction statistics for April 
 Supervising Large, Complex Financial Companies: What Do Supervisors Do? 
The CFTC Market Risk Committee Agenda
NDDF, Sethi Petroleum, & Sameer Praveen Sethi's fraudulent oil and gas investments

The U.S. Census Bureau and the Department of Housing and Urban Development published residential construction statistics for April. Permits were up a staggering 10.1% from March and up 6.4% from April 2014. Housing starts were up 20.2 % from March and 9.2% from last year.

The Federal Reserve published a working paper titled Supervising Large, Complex Financial Companies: What Do Supervisors Do? The paper describes the Fed's "supervisory approach for large, complex financial companies and how prudential supervisory activities are structured, staffed, and implemented on a day‐to‐day basis at the Federal Reserve Bank of New York as part of the broader supervisory program of the Federal Reserve System." The ultimate goal of the paper is to provide an overview of what supervision is in order to determine its impact.  

The CFTC Market Risk Committee is having a meeting on June 2. The agenda is published on the website.

The SEC filed an emergency civil action against Sethi Petroleum, LLC and its president, Sameer Praveen Sethi. The action accuses the firm of offering fraudulent oil and gas investments. Since January 2014 the firm raised ~$4 million "through the fraudulent offer and sale of securities in the Sethi-North Dakota Drilling Fund-LVIII Joint Venture ("NDDF")". The offering materials were for oil and gas wells in the Bakken Shale formation in North Dakota. The firm spent less than 25% for these purposes. The suit accuses the SEC of spending more than 75% of investor funds on unapproved expenditures. As a result "less than $1 million of the funds raised went to NDDF's actual oil and gas operations."

If you like what you're reading, please join my mailing list to receive blog posts and updates as they occur. If you're an investor with all of your assets tied up in the stock market and cash, you might want to consider a few diversification strategies. Gold is the oldest asset in the world and it's inflation proof. Bitcoin is the gold standard for the cryptocurrency world, which is the fastest growing asset class in the world. Diversifying your portfolio into one or both of these assets can help to insure your portfolio against a stock market crash or inflation. Most importantly, it can help to safeguard the gains you've made over the last 10 years.

Please note that there are other companies that sell gold and Bitcoin on the market, and you should always do your research when making decisions about your portfolio. Just like your personal health, if you're planning on having major surgery, you need to get a second, and sometimes a third, opinion. You want to make sure your surgeon is good and has performed the procedure many, many times.  In the same way, you need to trust your broker and you need to make sure they are reputable. This is the process I used when looking for a broker to recommend.

Full disclosure: RegalAssets compensates me for everyone I send their way, but I would receive compensation from any company I chose to recommend. The only broker I'm recommending is Regal, primarily due to its innovative product offering in my favorite commodities - gold, precious metals and cryptocurrency like Bitcoin. They also have a distinguished track record for success (see below).

Next Steps: Use Regal as one of your options and compare against them. Your other brokers should be able to offer the same level of service and the same low rates. The kit is free and it will provide you with a basis for comparison. Don't wait, get started today. Fill out the form below to get your free investment kit.

If you're interested in learning more about gold investments, click here to receive a free gold investment kit from Regal Assets.

If you're interested in learning more about Bitcoin investments, click here to receive a free Bitcoin investment kit from Regal Wallet.

Featured Post

Can Digital Currency (Bitcoin / M-Pesa) Wipe Out World-Wide Corruption & Poverty?

I often hear about all the alleged "criminal behavior" Bitcoin supports. I think it's important to discuss Bitcoin's p...

Popular Posts

Popular Older Posts