How the ERISA Fiduciary Standard Protects Your Retirement Savings

The ERISA fiduciary standard protects employee retirement accounts by legally binding plan managers to act solely in the best financial interest of the workers participating in the plan. Enacted under the Employee Retirement Income Security Act of 1974, this legal framework prevents corporate employers and plan administrators from mismanaging your 401(k) or pension. If a

Experts sound alarm over Elon Musk's 'coup' that's 'about to rob your 401k'

Financial experts sounded the alarm Monday over what some have described as a financial “coup” being carried out by Elon Musk, Tesla’s CEO and fierce ally to President Donald Trump, one that could see tens of millions of Americans unknowingly prop up his unprofitable company SpaceX through their ret...

A Danish pension fund has blacklisted SpaceX, calling it grossly overvalued with catastrophic governance

Denmark’s AkademikerPension, which manages roughly $25 billion for academic professionals, has said it will not participate in SpaceX’s initial public offering or buy shares in any secondary-market transaction, according to Bloomberg. Chief investment officer Anders Schelde called the company “grossly overvalued” and cited what he described as a “catastrophic governance structure” as the primary reason for the […]

Who benefits from tax breaks in the Internal Revenue Code

Complaining about taxes is in vogue these days. We think we pay too much and others (mostly the wealthy) pay too little. Yes, there are different types of taxes, but the big one is federal income t…

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MissConstrue (@[email protected])

Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced. Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period. They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds. Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation. They’ve figured out how to steal your #retirement. #AI #LLM #Scam #guillotines #YouWillOwnNothing https://www.businessinsider.com/spacex-ipo-s1-spcx-stock-nasdaq-qqq-elon-musk-2026-5