Benjamin Wey, Vindicated American Financier Fights Back, Facts Revealed

BENJAMIN WEY: American Financier, Investigative Journalist, Patriot. Columbia University alum, holds two master’s degrees. 

BREAKING NEWS, COMPLETE VICTORY: “Financier Benjamin Wey Exonerated in Victory, Defeats False SEC, DOJ Charges, Hires Plaintiffs Lawyers, Seeks $1 Billion in Damages Against Liars and Abusers.”Press Release from Benjamin Wey, read the case background

NOTICE: Contact Benjamin Wey via email:  JustinceForBenjaminWey@gmail.com 

On August 8, 2017, the SEC, DOJ’s fabricated, racially charged, politically motivated case crumbled: All allegations against Wall Street employer Benjamin Wey, New York Global Group were voluntarily dismissed.  Read media reports from New York Business JournalThe Wall Street Journal, Reuters, The New York Times, Bloomberg and many other press articles. Read more: VINDICATED AMERICAN FINANCIER BENJAMIN WEY HIRES PLAINTIFFS LAWYERS, SEEKS DAMAGES, JUSTICE.

Benjamin Wey commented in a press release: “Government agencies were misled by the vindictive NASDAQ, FINRA – of which we are not even their damn members within their jurisdiction – but they colluded and blatantly retaliated against a NASDAQ-listed company, which had won against a rigged NASDAQ delisting, exposed racial profiling of China-based companies. These liars enriched their own commercial interests at our expense, purposefully lying to our government for personal gains in a rotten regulatory regime.” Stanford University says “Chinese reverse mergers outperform U.S. counterparts,” echoed by CNBC and Reuters; NY Law Journal confirms Federal Judge Alison Nathan Defends Constitutional Rights; The New York Times reported Made-up case against Wall Street financier follows government’s pattern of fabricated cases.

BREAKING NEWS: Federal judge P. Kevin Castel condemned the corrupt SEC staff Cheryl Crumpton, Derek Bentsen in a June 2, 2017 court order as “slyly feigns a belief… deceptive practice by the SEC.” And, Vindicated Lawyer William Uchimoto Sues SEC Enforcement Abusers Cheryl Crumpton, Derek Bentsen, Steven Susswein, Melissa Hodgman, Patrick Feeney, Joshua Braunstein for Fraud, Seeks Rule 11 Sanctions – SEC FOIA production.

BENJAMIN WEY never settles false claims while defeating racist retaliation exposed in NASDAQ’s lies told by Ed Knight and FINRA’s fabricated case planted by FINRA’s fraudulent Robert Colby, who orchestrated FINRA NAC fraud, FINRA kangaroo court, colluded with a liar Maureen Geartyexposed in here, in here, in hereMaureen Gearty was sued in a RICO fraud, in here and here, who conspired with the corrupt SEC imbeciles – Steven Susswein, Patrick Feeney, Cheryl Crumpton, Derek Bentsen, Melissa Hodgman, Joshua Braunstein – lied to judges, fabricated the law – shamelessly calling Benjamin Wey a “Chinaman” and a “Chinese nigger.” These regulatory abusers were duped by stock short seller criminals in Jon Carnes stock fraud, Roddy Boyd fraudsters, swindler Jon Carnes market manipulation and Roddy Boyd bribery, Roddy Boyd short seller fraud in here, and here, here, and here, and here.

“NASDAQ STOCK MARKET’S ED KNIGHT, THE CULPRIT BEHIND THE ABUSE”:  Senior NASDAQ staff lied to the DOJ, SEC agents, retaliated against a January 18, 2011 racial discrimination lawsuit against the Nasdaq by former U.S. Senator Arlen Specter. Within days on January 25, 2011, acting on NASDAQ’s lies, government agents illegally searched our offices, which was ruled a “gross violation” of our constitutional rights by federal court in June 2017. An SEC ruling in 2013 equally concluded the NASDAQ had rigged the delisting of a former client – China-based CleanTech Innovations, Inc, exposed by Forbes. Chinese companies can choose among 60 stock exchanges worldwide to go public. Many have ditched the racist NASDAQ, says the Corporate Counsel magazine. We have advised clients to dump the rigged NASDAQ in two multi-billion dollar “going private” deals – after the racist NASDAQ staff Edward Knight, Michael Emen, Gary Sundick, William Slattery, Alan Rowland were exposed by the SEC commissioners in a unanimous 2013 ruling as the NASDAQ racists targeting the Chinese, rigging a delisting – a landmark SEC decision that found “[T]he record does not show that the specific grounds on which NASDAQ based its delisting decision of [CleanTech Innovations] exist in fact” – it was the first time in NASDAQ’s history the NASDAQ thieves were caught. NASDAQ staff has literally committed crimes by lying to government agents. Who will be held accountable? Stay tuned…

“CHINESE OR JEWISH REVERSE MERGER? ANTI-CHINESE OR ANTI-SEMITIC?”: Investors invest to make a profit. No one cares if a company is a reverse merger – misconstrued by the malicious SEC, DOJ bureaucrats, or a risky IPO, says Stanford University research. The NYSE, Berkshire Hathaway (Warren Buffett merged with a garment factory), Burger King, the $160 billion Pfizer-Allergan merger – the world’s largest pharma deal, plus 600 other U.S. listed companies are all reverse mergers. Bloomberg reported in Feb 2017 “reverse merger listings created billionaires worth $47 billion.” The fraudulent NASDAQ itself was a Form 10 public shell, not an IPO. 40% of public companies in China, Canada, Hong Kong, UK are reverse mergers – says Bloomberg. The racist SEC abusers coined a racist term “Chinese reverse merger.” But far more Israel-based reverse merger companies trade in the U.S. than those from China. Why haven’t the racist SEC staff Melissa Hodgman, Derek Bentsen, Cheryl Crumpton, Steven Susswein, Patrick Feeney or the SDNY DOJ labeled Israeli firms as Jewish reverse mergers?” How soon are they slaughtered as anti-Semites? Reverse merger is a routine business practice, defined by Investopedia. On May 26, 2017, The Wall Street Journal reported NYSE pursues listings of SPACs, reverse merger, direct listing companies.

“FRANKS HEARING, LIARS EXPOSED”: A venerable New York federal judge held a rare “Franks Hearing” on Jan 23, 2017 to investigate if “the Government acted in good faith.” The notorious FBI agent MATT KOMAR (shield #22666), who was caught lying repeatedly under oath, is the same lying fraudster being sued for fraud in David Ganek vs. Matt Komar, FBI etc. for fabricating evidence, ruining fund manager David Ganek and Level Global – costing them $4 billion, revealed in federal judge Pauley III’s court decision against Matt Komar, exposed in a 2nd Circuit court brief – reported by Reuters, Fortune, The New York TimesWall Street Journal, Forbes,CNBC – David Ganek is an American hero. Rogue FBI agent THOMAS MCGUIRE (NY Bar registration #3020781), who is a racist moron totally confused between China and Chinatown, who made extensive false affidavits under oath about normal market activities, is a repeat lawbreaker twice previously exposed in United States Vs. Metter and United States Vs. Jean-Pierre Neuhaus for fabricating vidence – “Who should I believe [between two FBI agents’ sworn testimony]?…it wasn’t a fog of memory… FBI Agent Thomas McGuire was prepped… It was a specific memory inconsistent with what Agent Thomas McGuire had testified to.” – Federal Judge Alison Nathan said in a hearing on Feb 17, 2017.  DAVID MASSEY, a fraudulent former SDNY prosecutor was caught fabricating a Nasdaq listing rule, whose tiny Richards, Kibbe & Orbe is deeply conflicted from double-dipping William Uchimoto, a 62-year-old Japanese American lawyer ruined by David Massey‘s fake story. The Franks Hearing was reported by New York Law Journal, Law 360. Exposing these facts serves the public interest and alerts the media. While the shameless former AUSA David Massey now makes millions a year at the tiny Richards, Kibbe & Orbe, the fraudster David Massey was found as a liar by the federal court. Click on the links below, expose the NASDAQ fraud, FINRA kangaroo court, SEC corruption, DOJ’s lies and #DrainTheSwampVINDICATION AFTER VICTORY: In March 2017, federal judge Robert Sweet DISMISSED a frivolous class action lawsuit which had been brought on exactly the same ground of the made-up SEC, DOJ false charges, vindicated Benjamin Wey and others. SEC staffer Melissa Hodgman was exposed as a liar and a fraudster. On March 27, 2017, SDNY federal judge P. Kevin Castel DISMISSED the SEC’s trumped-up case against lawyer William Uchimoto (a witness whose testimony led to CleanTech’s victory against the NASDAQ). Mr. Uchimoto has since filed a Rule 11 motion seeking sanctions against the SEC abusers for “committed a fraud,” quoted in “Ex-Big Law Partner Still Angry After SEC Fraud Claims Tossed” by New York Law Journal. The disgraced SEC fraud Melissa Hodgman was caught fabricating the Bill Uchimoto case, lying to the DOJ and got a job promotion riding on Asian scalps. On May 2, 2017, a federal judge ordered the NASDAQ to produce internal documents that would vindicate Mr. Wey, reported by Law360. On August 8, 2017, all charges were dismissed against Benjamin Wey and his firm. THE FACTS: NASDAQ and FINRA lied to the DOJ, fabricated a nonexistent “NASDAQ 300 shareholder gifting rule” violation – after the NASDAQ was sued for racism in 2011, was caught rigging a delistingwas publicly humiliated by the SEC in 2013. In retaliation, NASDAQ’s Ed Knight and FINRA’s Robert Colby manufactured so-called “corrupt brokers” garbage, exposed in a rigged FINRA NAC hearing, duped SEC and DOJ staff who were eager to pad their flimsy resumes by rolling Asian heads. NASDAQ’s William Slatterymade up a Nasdaq “300 holder rule,” targeted Asians and blacks, played a moronic former prosecutor David Massey like a fool – who was padding a thin resume for a private job. They made up a nonexistent law, made up a case, failed to coerce a black man Talman Harris to lie, exposed in Congressional investigations and triggered a 2nd Circuit Court appeal seeking justice“VIOLATED A NONEXISTENT LAW”: The SDNY DOJ was duped by the NASDAQ and a terminated five-week employee Raymond Phillips, who had failed to extort us to pay his Alaska child support and used lies told by convicted criminals, who were sued in federal court for RICO fraud. Can a law be violated when there is no law? – conceded by the SDNY DOJ in its own July 8, 2016 court filing: “no formal law existed.” The regulatory regime is rotten to the core when the SEC and DOJ bureaucrats lie and cheat to advance their personal careers. Media exposure and the honorable Court must hold these abusers accountable.   CRUMBLED CASES, LIARS EXPOSED: As predicted, on October 6, 2016, the racist SEC lawyer Derek Bentsen dropped a “fraud” charge against lawyer William Uchimoto – after ruining his life built over 40 years; On October 7, 2016, black American broker Talman Harris exposed FINRA, NASDAQ lies in his appeal to the 2nd Circuit, pursued Congressional investigations into FINRA NAC fraud, racist SEC abuses, corrupt SEC bureaucratsOn October 21, 2016, SEC lawyer Derek Bentsen was captured lying to federal judge P. Kevin Castel 5 times; On November 3, 2016, Derek Bentsen was exposed as a moron on Chinese law… In March 2017, lawyer William Uchimoto filed a historic Rule 11 sanctions motion against the SEC abusers Melissa Hodgman, Derek Bentsen, Cheryl Crumpton, Steven Susswein, Patrick Feeney, Joshua Braunstein for lying, cheating and raping his reputation. Regulatory abusers and liars must be exposed. “A RIGGED CASE, NASDAQ’S LIES:” Nasdaq fabricated a so-called “300 round lot shareholders gifting rule”, conceded by the SDNY DOJ in court filings on July 8, 2016; FACT: Senior NASDAQ staff has feverishly solicited our co-branded Asian investment club members for years to introduce new listings; FACT: NASDAQ rigged a listingwas sued for racism and lost; FACT: The SEC ruled that NASDAQ had rigged its listing, orchestrated by the shady NASDAQ General Counsel Ed Knight – a $100 million lobbyist, who conspired with FINRA (Robert Colby); FACT: The NASDAQ manipulation was strongly rebuked and reversed in a landmark SEC ruling, reported by ForbesFACT: the disgraced Ed KnightWilliam Slattery, Michael Emen and other NASDAQ staff retaliated, lied to law enforcement; FACT: In 2015, 26 Asian firms dumped the racist NASDAQ in droves (Wall Street Journal)FACT: Counting Bernie Madoff as the NASDAQ Chairman, companies have fled NASDAQNASDAQ is an investors grave and a threat to national security.  BENJAMIN WEY AMERICAN FINANCIER, INVESTIGATIVE REPORTER, PROFESSOR: Benjamin Wey is a multilingual global financier, an investigative journalist, an American patriot, a China expert with 20 years’ experience. Benjamin Wey has participated in more than 400 projects worldwide, helped create tens of thousands of jobs. Benjamin Wey supports America by introducing international capital to American communities. ON TV: Benjamin Wey on CCTV America discussing US – China investments. Benjamin Wey ® is a trademark. ON TV: Benjamin Wey on FOX Business during the U.S. financial crisis. Professor Benjamin Wey teaches finance, international business as a Visiting Professor at several top universities. BENJAMIN WEYCIVIL RIGHTS ADVOCATE: Benjamin Wey is a fierce defender of free speech, a civil rights advocate, a member of the Society of Professional Journalists and Society of American Business Editors and Writers. ON TV: Watch Professor Benjamin Wey lecturing at MIT exposing illegal stock short sellers. Benjamin Wey was featured in Forbes after the SEC ruled against the NASDAQ for rigging the delisting of CleanTech Innovations: “[T]he record does not show that the specific grounds on which Nasdaq based its delisting decision exist in fact,” said the SEC in a historic ruling against the NASDAQ – the first time in NASDAQ’s 44 year history. NASDAQ had wrongfully delisted CleanTech by fabricating a rule called “the NASDAQ Spirit.” NASDAQ was exposed as an institutional racist.

“Journalist BENJAMIN WEY never settles false claims. When the NASDAQ, FINRA defrauded the DOJ and SEC, their racism and lies must be exposed.”

BENJAMIN WEY – CHINA EXPERT: Benjamin Wey advises governments, Fortune Global 500 companies and others on funding, market entry and crisis management issues – with a long history of client success. ON TV: Benjamin Wey was interviewed by the Wall Street Journal, correctly predicted a $4.7 billion acquisition. Read more: A China Expert’s Views – How to Invest in U.S. Listed Chinese CompaniesBENJAMIN WEY – RESULTS MATTER: Since 2010, Chinese companies have abandoned the NASDAQ in droves due to its racism. In 2011, financier Benjamin Wey assisted in the $800 million acquisition of Harbin Electric, Inc, a reverse merger company – a 1,200% gain by leaving the NASDAQ. Benjamin Wey assisted in the $500 million buyout of Fushi Copperweld, a reverse merge company that dumped the NASDAQ, rebutted false accusations of NYGG portfolio companies by the racist tabloid writers Leslie Norton, Bill Alpert of Barron’s who colluded with illegal stock short seller Roddy Boyd and were bribed by Jon Carnes, a market manipulator with a fake bio and name “Alfred Little”. For years, illegal stock short sellers have duped SEC staffers. In May 2013, an NYGG portfolio company Focus Media Holdings was acquired for $3.8 billion, left the NASDAQ and relisted in China for $8 billion – Wall Street Journal. Another NYGG portfolio company China Fire & Security was acquired for $265 million, dumped the NASDAQ. By 2015, our co-branded Asian investment club members had $1 billion in aggregated investment capital… In 2015 alone, 26 Chinese companies abandoned the racist NASDAQ, says Wall Street Journal. These many examples have revealed that the NASDAQ listing is a commodity service, has no intrinsic value for any company. Read more: U.S. Listed China Based Companies Hurry Homeward for Domestic Markets – Wall Street Journal. And Deloitte & Touch China Report: Barter in USD or Cash Trapped. EDUCATIONAL BACKGROUND: Benjamin Wey holds two master’s degrees, is a graduate of Columbia University. Benjamin Wey publishes many articles on global finance, China, investigative reports and strategies. BENJAMIN WEY’S LIFE PRINCIPLES: 1) “Important principles may, and must, be inflexible.” – Abraham Lincoln
2) “Facts are stubborn things.” – John Adams
3) “YOLO” – You Only Live Once. Between life and death is courage. Benjamin Wey never gives in MEMBERSHIPS AND ACTIVITIES: ·         Executive Director, Foreign Investment Committee, Investment Association of China (IAC) – a large investment membership group affiliated with China’s National Development and Reform Commission (NDRC), a Chinese government agency ·         Director, China Mergers & Acquisitions Association ·         Research project adviser – NYGG research project with China’s central bank (2005) ·         Senior adviser to several Chinese municipal governments and agencies BENJAMIN WEY – EDUCATOR, PHILANTHROPIST: Benjamin Wey was awarded the “golden key” in China for his leadership in building schools for orphans and underprivileged farm kids in rural areas. Benjamin Wey has also led educational programs in Asia and the United States, including supporting Columbia University and Yale University. NEWS AND INDUSTRY VIEWS: NEW YORK GLOBAL GROUP WARNS AGAINST CORPORATE IDENTITY THEFT DELOITTE & TOUCHE China Research: Cash Repatriation from China – Barter in USD or Cash Trapped

Legal Research:
Fraud Short Sellers Trigger Regulators’ Misunderstanding of Reverse Mergers
Stanford University Research: Chinese Reverse Merger Companies Outperform U.S. Counterparts MAY 2013: Focus Media Holdings Successfully Exited the NASDAQ Stock Market In a Record $3.8 Billion Acquisition  JUNE 2015: Focus Media to List in China Through Reverse Merger at $8 Billion Valuation – Wall Street Journal

Facts and Research: How Illegal Short Selling Harms America’s National Security As Journalist Benjamin Wey declares victory, a $300 million frivolous lawsuit went up in smoke Forbes Magazine: SEC reverses NASDAQ’s wrongful delisting of Chinese company CleanTech Innovations
U.S. Listed China Based Companies Hurry Homeward for Domestic Markets, Wall Street Journal     TV Interview: China Central Television – Benjamin Wey on the TUDO NASDAQ IPO TV Interview: Wall Street Journal – Benjamin Wey discusses U.S. China relations The Hill’s Congress Blog: Why U.S. companies should get involved in Chinese markets

China Expert Benjamin Wey – A Featured Speaker at MIT
Benjamin Wey, A China Expert’s Views on How to Invest in U.S. Listed China Based Companies Washington Post / Video: A Legal Expert’s Views on Investing In U.S. Listed Chinese Companies Currency Vs. Productivity -Banking and Finance

New York Global Group CEO and China Expert Benjamin Wey Present at the Carnegie Mellon University US – China Summit

Benjamin Wey, My Advice on Finding the Dream Jobs in 2015

Benjamin Wey, Still Need a Resolution? Get Some Urgency in 2015

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Job Search Success Hinges on Trump’s 5 Most Popular Words

Job Search Success Hinges on Trump's 5 Most Popular Words

Job search, follow Trump’s 5 words

Job search is heard. For a job seeker, presenting a polished image is a key to winning an employment. Whether you agree or disagree with Trump’s policies or rhetoric, Trump is a master at the art of the English language. In fact, study shows  Trump’s presidential win is attributed to his skillful use of certain key words during his campaign.

As employers, we all know the importance of winning over customers and learning from winners. A job seeker can certainly learn from Trump’s art of the words and use them properly to help enhance her chances of landing a dream job.

“WIN / WINNING”

Donald Trump says... We don’t win anymore. It will change. We will have so much winning if I get elected that you may get bored with winning. Believe me. You’ll never get bored with winning. You’ll never get bored! Work hard, be smart and always remember, winning takes care of everything!

You the job seeker: “I want to work for your because you are a winning organization;” “Winning strategies;” “A winning team.”

“WE/US”

Donald Trump says…  “We need to build a wall on the Mexican border. We are going to make great trade deals. We are going to bring back our jobs. We will totally dismantle Iran’s global terror network.”

You the job seeker: “We are a progressive firm;” “We are one team;” “We work hard to satisfy our customers…”

“SMART”

Donald Trump says.. “You have to be much smarter, or it’s never, ever going to end. I’m, like, a really smart person.”   (about the 2016 Republican Convention) Trump said his team will “make it interesting and informative, but also smart and different.”

You the job seeker: “We need to be smart with our strategies and plans;” “Smart customers demand smart solutions.”

“AMAZING”

Donald Trump says… Yesterday was amazing — 5 victories. (on first time voters in their 60s) That’s so amazing…it’s so amazing. (on next steps after winning the Nevada Caucus) It’s going to be an amazing two months.

You the job seeker: “It’s an amazing product;” “What an amazing organization.” “Amazing efforts.”

“TERRIFIC”

Donald Trump says… (on meeting with the Republican National Committee officials) … a terrific meeting. (on Obamacare) Repeal and replace with something terrific. (on newly-elected Muslim London mayor) If he does a good job and frankly if he does a great job, that would be a terrific thing.

You the job seeker: “It’s a terrific meeting;” “I really enjoy your terrific mentorship;” “You have a terrific team. I would love to be part of it. ”

In the real world, all employees or employers are disposable. What holds an employment relationship together in a successful firm is a simple philosophy, described by management expert Benjamin Wey:

We are smart people on a winning team doing amazing work for our terrific customers.”

In any job interview, you should always keep in mind: “What unique value proposition am I bringing to this amazing organization? What sets me apart from others?”

Isn’t that smart and terrific career advice? (Yes, I am paraphrasing Trump.) America has so much potential and so do you, the job seeker. Be bold, be aggressive and be confident in yourself. You will be just fine. Good luck job seekers.

Journalist Benjamin Wey Exposes False Charges, Regulatory Abuses

Journalist Benjamin Wey Exposes False Charges, Regulatory Abuses
Investigative journalist BENJAMIN WEY is upbeat these days: “I’am not even afraid of death, why would I be concerned about injustice and false accusations from ignorant, racist regulatory abusers?
Courageous investigative journalist BENJAMIN WEY never bends his principles winning against racist retaliation told in NASDAQ’s lies and FINRA’s fabricated “evidence” fed by the fraudulent FINRA general counsel Robert Colby, who orchestrated FINRA NAC fraud, kangaroo court, PLANTED lying “witnesses” in here, in here, in herehere, here, colluded with the corrupt SEC staff Steven Susswein, Cheryl Crumpton, Derek Bentsen – ignorant bigots lying to federal judges, calling Chinese Americans “chinaman” – duped by short sellers in Jon Carnes stock fraud, Roddy Boyd fraudsters, criminal Jon Carnes market manipulation and Roddy Boyd bribery, in here, and here, here, and here, and here. NASDAQ is a $12 billion money tree run by Wall Street fat cats, not a baby with diarrhea. Asian firms have options among 60 stock exchanges worldwide to go public – many have ditched the rigged NASDAQ listing – a dying commodity without scarcity value. We have advised Asian firms to dump the rigged NASDAQ in two largest, multi-billion dollar “going private” deals in recent history – after the racist NASDAQ general counsel Edward Knight was exposed by the Forbes Magazine for discrimination against the Chinese, rigged a Chinese company delisting, condemned by the SEC Commissioners in a historic SEC ruling against the NASDAQ. NASDAQ and FINRA retaliated with lies. Investors don’t care where a stock is listed, if it’s a reverse merger – misconstrued by U.S. regulators, or a risky IPO, says Stanford University. The NYSE, Berkshire Hathaway (Warren Buffett’s company), Burger King, plus 800 other companies are all reverse mergers. Shamelessly, NASDAQ itself wasn’t an IPO. 40% of publicly traded companies in Hong Kong, China, Canada, Australia, UK are reverse mergers – basic knowledge told in a Bloomberg article dated October 26, 2016. The imbecile SEC bureaucrats demonize “Chinese reverse mergers.” But far more Israel-based reverse merger companies are in the U.S. than those from China. Do the anti-Chinese SEC bureaucrats dare label Israeli firms as “Jewish reverse mergers,” in the same way they profile the Chinese? Demonizing reverse merger companies is ignorant, racial profiling and anti-Semitism. Read the latest government missteps on racial profiling Chinese Americans, who are treated as second class citizens, exposed by The New York Times. Let’s #DrainTheSwamp.  
A Totally Fabricated Case – Racially Targeted, Politically Charged: The misinformed SDNY folks were deceived by NASDAQ and FINRA, who made up a law “violation” – after NASDAQ was sued for racism, caught rigging a Chinese company delisting, reversed in a historic SEC ruling. In revenge, three misled imbecile SEC staff  piled on the lies told by NASDAQ’s William Slattery, who invented a Nasdaq “300 round lot gifting rule” in pure fabrication, callously targeted Asian scalps, trumped up a law violation, made up evidence, coerced innocent people to lie, exposed in Congressional inquiries. The SDNY was duped by a false “affidavit” from a notorious agent MATT KOMAR (#22666) – the same rookie got caught lying to judges, fabricating “market manipulation,” fantasizing Asian events 10 years ago when Matt Komar was a high school kid. To advance his own career, the malicious agent Matt Komar concocted a fantasy story with a fired five-week employee (CS-1) named Raymond Phillips, who had extorted us to pay his Alaska child support. Can a law be violated when the law doesn’t exist? – conceded by the SDNY in its own July 8, 2016 court filing: “no formal law existed.” Then WTF is an “informal” law? Rigged? Not surprised: The rogue agent Matthew Komar is the same fraudster sued by renowned attorney Barry Scheck for ruining fund manager David Ganek and Level Global through his fabricated evidence, exposed by The New York TimesWall Street Journal and CNBC video. NASDAQ and FINRA defrauded the SDNY, was exposed, rigged a company delisting (evidence) and retaliated against SEC witnesses after the humiliated NASDAQ fraud was exposed by the SEC. Justice is rotten to the core of a rigged system: the SDNY bigotry is content with being fooled and having their intelligence insulted by FINRA and NASDAQ, abetting a rigged processlynching the Chinese. All because there is NO transparency and accountability! 
Breaking News: On August 12, 2016, in a court filing before well-regarded federal judge Alison Nathan, the crooked agent Matt Komar was slammed for “repeatedly cheating and lying to Magistrate Judge Michael Dolinger… intentionally manipulated the trading data… repeatedly defrauded the court;” On October 6, 2016, the shameless SEC lawyer Derek Bentsen dropped a major “fraud” charge against Asian American lawyer William Uchimoto – after ruining his life; On October 7, 2016, black American broker Talman Harris exposed FINRA, NASDAQ lies in an appeal to the 2nd Circuit Court of Appeals, went public with his pursuit of justice and Congressional investigations into FINRA NAC, racist SEC abusesOn October 21, 2016, the SEC lawyer Derek Bentsen was captured lying to a federal judge 5 times… Regulatory abusers must be publicly exposed in a court of law. We welcome media attention. We expose all liars – we call out their names, no matter who they are. As Americans, when our free speech is muzzled, we lose our souls.  
It’s a fact: Nasdaq’s so-called “300 round lot gifting rule” was fabricated, admitted by the SDNY in court filings on July 8, 2016; It’s a fact: Senior NASDAQ staff has feverishly solicited our co-branded Asian investment club members for years to introduce new listings; It’s a fact: NASDAQ rigged a listingwas sued for racism and lost; It’s a fact: The SEC agreed that NASDAQ had rigged its listing, orchestrated by the shady NASDAQ General Counsel Ed Knight – a $100 million lobbyist, who conspired with FINRA (Robert Colby); It’s a fact: The NASDAQ manipulation was strongly rebuked and reversed in a landmark SEC ruling, reported by the Forbes MagazineIt’s a fact: the disgraced Ed KnightWilliam Slattery, Michael Emen and other NASDAQ staff retaliated, lied to law enforcement; It’s a fact: In 2015, 26 Asian firms dumped the racist NASDAQ in droves (Wall Street Journal)It’s a fact: Counting Bernie Madoff as a NASDAQ Chairman, companies have fled NASDAQNASDAQ is an investors grave and a threat to national security.

FINRA TARGETS DIVERSITY, RACIAL DISCRIMINATION AGAINST WOMEN, BLACKS

FINRA TARGETS DIVERSITY, RACIAL DISCRIMINATION AGAINST WOMEN, BLACKS

ENOUGH ABUSES FROM FINRA 

FINRA, the rigid straitjacket of financial regulation, brazenly ran one of the most successful and few high-profile women off of Wall Street and into the Silicon Valley.Ruth Porat, the highest ranked female on Wall Street has left Morgan Stanley for Google — and that the Financial Industry Regulatory Authority (FINRA), which oversees brokers and broker dealers, is the impartial — and corrupt — Wall Street watchdog, headed by amultimillionaire Richard Ketchum as its Chairman and CEO.

While the average American family’s ANNUAL income barely goes above $55,000, FINRA pays its CEO Richard Ketchum $300,000 per month to head the “non-profit” FINRA. Is there anything wrong here? Correct, FINRA’s “non-profit” status is a facial mask to fool the American public while the FINRA bureaucrats collect millions of dollars each year extorting SMALL businesses.

Read More: FINRA CEO RICHARD KETCHUM PLAYED LIKE A FOOL, SPONSORS RACISM

Following the financial crisis that began in 2008 when many banks and financial institutions closed their doors, new waves of regulation to control the more daring investment strategies were forced on those that remained. The straitjacket of overregulation emanating from FINRA is the main reason Ruth Porat’s departure. In the mostly white male world of Wall Street, diversity is not a dirty word but something seen to be tolerated, not embraced or encouraged. No woman has ever been at the very top of a Wall Street investment bank and with its most-powerful female executive departing for Google, that likely won’t happen any time soon either.

Read More: CHRIS BRUMMER, FINRA RUBBER STAMP, GEORGETOWN LAW SCHOOL PROFESSOR IMPLICATED IN MULTIPLE FRAUD, ABUSER CAUGHT

Before leaving to take over the same title in Silicon Valley, Ruth Porat was one of the only female CFOs in the financial industry and, by far, the most powerful. This is a woman who was not only respected for her high acumen across the board by the industry in the U.S., but around the world as well. While high numbers of women entered and became successful in the financial industry in the 1980s, there has since been a rollback on that progress with many leaving or not pursuing financial careers as studies show men continue to dominate in the traditionally male-led industry, largely due to regulatory abuses by FINRA.

In 2013, President Barack Obama was rumored to be considering Ruth Porat for the next Deputy Secretary of the Treasury, the nation’s second-in-command of the money supply and fiduciary policies. Instead, Porat took on an even bigger challenge that threatened to topple our entire financial system, and she showed incredible leadership and courage during the financial crisis. Despite having a chance at a high-profile government gig, Porat opted to help pull Morgan Stanley out of the depths of its woes. Not only did people like her help stabilize a vital American financial institution, the work done to assist major companies’ recovery was a first step toward getting the country’s economy ­— and that of the world at large — back on its feet.

SUSAN AXELROD, ALAN LAWHEAD, CHRIS BRUMMER, FINRA EXPOSED

SUSAN AXELROD, ALAN LAWHEAD, CHRIS BRUMMER, FINRA EXPOSED

Read More: AEGIS CAPITAL FIGHTS BACK AT FINRA BLACKMAIL, RACISM

Anyone questioning this move should be asking themselves why the sudden, drastic career change? The reason is simple if the way in which FINRA regularly operates is understood.

The authority came to be in 2007 when the National Association of Securities Dealers (NASD) merged with the New York Stock Exchange (NYSE) to create FINRA. Since inception and the coming of the 2008 recession, FINRA has produced massive overregulation, regulatory abuse and has operated with discriminatory investigative practices which have only become worse and worse each and every year.

Supposedly, FINRA regulates all firms evenly, however those in the business and on the Street know the regulatory body goes particularly hard against small brokerage firms. Even more egregiously, it targets black brokers and now with Porat, FINRA may have chased off the most successful woman in the business as well.

TALMAN HARRIS, AFRICAN AMERICAN “TURNED INTO CHARCOAL”, FINRA RACISM EXPOSED

FINRA has unfairly singled out black brokers and “turned them into charcoal” under FINRA abuses. TALMAN HARRIS, an investment professional with a 20 year, clean regulatory history was barred from FINRA in December 2014.

CHRIS BRUMMER, FINRA STAFFER JEFFREY BLOOM, RACISTS EXPOSED

CHRIS BRUMMER, FINRA STAFFER JEFFREY BLOOM, RACISTS EXPOSED

A notorious racist, FINRA staffer JEFFREY BLOOM was caught making an egregious statement,“FINRA will nail those black bastards in New York.“ Yes, FINRA racist Jeffrey Bloom “burned” the innocent black American broker Talman Harris.

CHRIS BRUMMER, FACULTY, GEORGETOWN LAW SCHOOL

CHRIS BRUMMER, FACULTY, GEORGETOWN LAW SCHOOL SCREWS UP MY LIFE…

CHRIS BRUMMER, GEORGETOWN PROFESSOR SCREWED UP MY PREGNANT MOTHER”, OUTRAGE FROM AN UNBORN CHILD

TALMAN HARRIS has a real problem in the world of FINRA: Talman Harris is a black American and we all know what the blacks were called the “N word” just a few decades ago. There is no evidence against Talman Harris. There is no reason to kill his career and there is no reason to put his unborn baby’s future in the limbo only because the dumb academic CHRIS BRUMMER, FINRA’s rubber stamp NATIONAL ADJUDICATORY COUNCIL (NAC) wanted to single out Mr. Harris as a TARGET to destroy.

Read More:  FINRA LACKEY MYLES EDWARDS, DISGRACED CONSTELLATION WEALTH ADVISORS LAWYER IMPLICATED IN RONEN ZAKAI FELONY CONVICTION

MEET CHRIS BRUMMER, THE TWENTY FIRST CENTURY FINRA UNCLE TOM EXPOSED

CHRIS BRUMMER, Georgetown Law School professors asks: “Does the truth matter in FINRA hearings?” The answer is “No”. In the book of FINRA, it is a white men’s elite club. Uncle Tom Chris Brummer is the exception. Talman Harris could not possibly get ahead, he is black and he was called the “N word” by the racist FINRA staffer Jeffrey Bloom. As far as Chris Brummer, Chris Brummer is no doubt the 21st century “Uncle Tom” for FINRA.

“CHRIS BRUMMER has no regulatory background whatsoever. CHRIS BRUMMER is an academic with hardly any experience in the real world,” says American patriot Talman Harris. “I am very upset with Chris Brummer and his other FINRA cronies that have targeted me and destroyed my life only because I am BLACK. I have very serious claims against them individually and against FINRA. CHRIS BRUMMER owes my good name back – a professional with a 20 year clean regulatory history; CHRIS BRUMMER has screwed up my life; CHRIS BRUMMER has screwed over my pregnant wife, and CHRIS BRUMMER has screwed up the future of my unborn child! ”  

Read More: FINRA BARRED TWO INNOCENT BLACK BROKERS BASED ON BS, RACISM, TRASHES THE AMERICAN CONSTITUTION

CHRIS BRUMMER, PROFESSOR, GEORGETOWN LAW SCHOOL LECTURES

CHRIS BRUMMER, PROFESSOR, GEORGETOWN LAW SCHOOL LECTURES

FINRA RUBBER STAMP CHRIS BRUMMER THREATENS JOURNALISTS, EXPOSED  

In January 2015, FINRA’s notorious rubber stamp, an obscure FINRA National Adjudicatory Council (NAC) headed by CHRIS BRUMMER, a Georgetown University academic affirmed FINRA’s racially motivated decision. Since then, CHRIS BRUMMER has repeatedly harassed journalists and attempted to silence the media that has exposed his undisclosed payments received from convicted felons.

JULIE BAUER, (Tel: 202-7288217, Email: julie.bauer@finra.org ), FINRA’s head of government relations declined to comment on FINRA’s regulatory abuses against Talman Harris. Talman Harris’s first child is due in June 2015…

Under the thumb of CHRIS BRUMMER, research shows FINRA’s NAC has ruled in favor of FINRA staff 100% of the time. Has Chris Brummer committed fraud  in a FINRA Kangaroo Court headed by Chris Brummer?  It’s obvious.

FINRA STAFFER JEFFREY BLOOM, CHRIS BRUMMER, GEORGETOWN LAW SCHOOL, REGULATORY ABUSERS, FRAUD

RACIST FINRA STAFFER JEFFREY BLOOM, CHRIS BRUMMER, GEORGETOWN LAW SCHOOL, REGULATORY ABUSERS, FRAUD

At some point the question has to be asked: When is someone, a group of people or a campaign against FINRA going to curtail or finally put an end to this abuse? How many hard-working brokers will be targeted and taken down by the regulatory body because their crime in FINRA’s eyes is being black? And how many powerful Wall Street women do we have to lose before people begin saying “enough is enough?”

If FINRA can push a well-respected and seasoned 28-year veteran off Wall Street all the way to the Silicon Valley, then the rest of the industry simply doesn’t have a fighting chance against the likes of its Chairman and CEO Rick Ketchum or Alan Lawhead, director of its Appellate Group, or a MICHAEL GARAWSKI, a FINRA bureaucrat that only exists in the shadow — or the blatantly biased regulators Jeffrey Bloom and Robert Morris.

FINRA stinks from top down like anything sick and rotten. These are just a few of the slimy characters spreading their mess all over the Street. It’s about time FINRA’s overregulation and the handcuffing of Wall Street executives is exposed to the light of scrutiny. It might be time to do some serious spring cleaning.

Benjamin Wey Fights Back Against False Charges, Regulatory Abusers

Benjamin Wey Fights Back Against False Charges
“Journalist BENJAMIN WEY never bends his principles fighting back racist retaliationtold in NASDAQ’s lies and FINRA’s fabricated ‘evidence,’ who PLANTED lying witnesses in here, in here, in here and here to inflame fantasies by corrupt, imbecile SEC staff Steven Susswein, Cheryl Crumpton who shamelessly used racial slursshort sellers in Jon Carnes stock fraud, market manipulation and Roddy Boyd bribery, Roddy Boyd fraud in here, and here, here, and here, and here. NASDAQ is a $10 billionbusiness run by Wall Street fat cats, not a naive baby sucking toes. Asian firms choose among 60 stock exchanges worldwide to go public – many have joyfully ditched the rigged NASDAQ listing – a dying commodity with no scarcity value worthy of “deception for listing.” Jut the opposite, we have advised Asian companies to dump the riggedNASDAQ in two largest ‘going private‘ deals in recent history. Investors never care where a stock is listed, or if it’s a reverse merger – often misconstrued, or a risky IPO, says Stanford University. The NYSE, Berkshire Hathaway, Burger King, plus 800other companies are all reverse mergers – the NASDAQ itself wasn’t an IPO… 30-40% of all public companies listed in Hong Kong, Canada, Australia, UK are reverse mergers – common knowledge in basic corporate finance.
The misinformed SDNY folks were deceived by the NASDAQ and FINRA, duped by fraud stock short sellers, thus fabricated laws that never existed – in pure “doctrinal novelty,” fabricated a case with manufactured evidence – were lied to by a false, malicious “affidavit” from an ignorant, notorious rookie agent MATT KOMAR – who fantasized about normal events in Asian finance 10 years ago when Matt Komar was still a kid in high school. Matt Komar is the same lying rookie agent sued for fabricating evidence in another case. Could a law be violated when the law doesn’t exist in fact? Let the public media sanitize their lies. No one should be afraid of the truth in a land of free speech and liberty that we Americans cherish. 
It’s a fact: Nasdaq’s so-called “300 round lot gifting rule” was fabricated; It’s a fact: Senior NASDAQ staff has feverishly solicited our co-branded Asian investment club members for years to introduce new listings; It’s a fact: NASDAQ rigged a listingwas sued for racism and lost; It’s a fact: The SEC agreed: NASDAQ had rigged its listing, orchestrated by the shady NASDAQ General Counsel Ed Knight – a $100 million lobbyist, who was also former general counsel of FINRA (two lying entities); It’s a fact: The NASDAQ manipulation was strongly rebuked and reversed in a landmark SEC ruling, reported by the Forbes MagazineIt’s a fact: Ed Knight, William Slattery, other NASDAQ staff retaliated, lied to law enforcement; It’s a fact: In 2015, 26 Asian companies dumped the racist NASDAQ in droves (Wall Street Journal)It’s a fact: Counting Bernie Madoff as a NASDAQ Chairman, companies have fled NASDAQNASDAQ is an investors grave and a threat to America’s national security.” 
BENJAMIN WEY AMERICAN FINANCIER, INVESTIGATIVE REPORTER, PROFESSOR: Columbia University graduate, holds two master’s degrees. Benjamin Wey is a multilingual global financier, an investigative journalist, a China expert with 20 years’ experience. Benjamin Wey has participated in more than 400 projects worldwide, helped create tens of thousands of jobs. Benjamin Wey supports America by introducing international capital to American communities. ON TV: Benjamin Wey on CCTV America discussing US – China investments.Benjamin Wey ® is a trademark. ON TV: Benjamin Wey on FOX Business during the U.S. financial crisis. Professor Benjamin Wey teaches finance, international business as a Visiting Professor at several top universities.
BENJAMIN WEY CIVIL RIGHTS ADVOCATE: Benjamin Wey is a patriotic American, a fierce defender of free speech, a civil rights advocate, a member of the Society of Professional Journalists and Society of American Business Editors and Writers. ON TV: WatchProfessor Benjamin Wey lecturing at MIT exposing illegal stock short sellers. Benjamin Wey was featured in Forbes after the SEC ruled the NASDAQ had rigged the delisting of CleanTech Innovations: “[T]he record does not show that the specific grounds on which Nasdaq based its delisting decision exist in fact,” said the SEC in a historic ruling against the NASDAQ – the first time in NASDAQ’s 44 year history. NASDAQ had wrongfully delisted CleanTech by fabricating a rule called “the NASDAQ Spirit.” NASDAQ was deemed aninstitutional racist

BENJAMIN WEY REVEALS 7 MYTHS ABOUT WINNERS AND LOSERS IN BUSINESS

AMERICAN FINANCIER BENJAMIN WEY REVEALS 7 MYTHS ABOUT WINNERS AND LOSERS IN BUSINESS

Benjamin Wey is an American business leader

A multilingual strategic adviser on Wall Street, an investigative journalist and a leading American expert on China. With approximately 20 years of professional experience, in-depth knowledge of the various international cultures and extensive global contacts, Mr. Wey has led and participated in more than 200 projects worldwide. As the CEO of New York Global GroupBenjamin Wey shares his views about the 7 signs that separate winners from losers in the business world.

We spend a lot of time in this society focusing on winning and losing. While attending Columbia University to earn my 2nd master’s degree, I had many professors that challenged us to become winners, not losers. “Benjamin Wey, you want to be a winner? ” says a business school professor. From the sports pages to the stock market, from our elections to our schools, we worry about who’s up and who’s down. There is an entire industry, the self-help book business, that generates millions or even billions for those who claim to have the answers.

Based on my experience of both success and failure in life, I have spotted seven myths about winners and losers that deserve exploring.

1. WINNERS HAVE THE EDUCATION NEEDED TO SUCCEED WHILE LOSERS DON’T.

Education, of course, is incredibly valuable, but our formal system of education isn’t as well adapted to the needs of the 21st century as it could be. You want proof? Bill Gates, Steve Jobs, Larry Ellison, Mark Zuckerberg and Michael Dell dropped out of college and became billionaires. And it isn’t just in the computer world: Ted Turner, David Geffen and Ralph Lauren are worth a billion or more, and they dropped out as well.

2. WINNERS UNDERSTAND THE RULES AND PLAY THE GAME TO WIN WHILE LOSERS DON’T FOLLOW THE RULES.

You can amass wealth, get yourself a corner office and wind up in Millionaire Acres in the Game of Life by knowing the rules and playing by them. However, more and more often, I see truly successful people don’t play the game. They create their own rules. In a world of checkers players, these people are playing chess, Risk, Jenga and God knows what else. By redefining the world around them, they build success into their new game. You can’t win a million-dollar jackpot if you’re playing penny ante poker. And nobody ever got rich playing someone else’s game.

3. WINNERS FOCUS ON LUCRATIVE INDUSTRIES LIKE FINANCE AND LOSERS OPT FOR BUSINESSES WITH LESS REMUNERATION.

We read all the time about the guy at Goldman or Morgan or Chase who got a $100-million bonus, and the popular press has us convinced that everyone on Wall Street is paid insane amounts of money. It’s true for the people at the very top, but most people in finance don’t have “screw you” money — they need that paycheck and can’t afford to be out of work. Think of the people who answer the phones, run the copiers and enter the data. Do you really think they’d do that if they had a million bucks? At the same time, we don’t think of people in janitorial services as being rich. But there isn’t a city in America without at least one person who runs a cleaning service or custodial enterprise who couldn’t pay cash for a Mercedes.

4. WINNERS JOIN WINNING TEAMS AND LOSERS JOIN LOSING TEAMS.

The flaw in this thinking is the word “join.” Yes, it’s possible to team up with someone who is successful, and you can ride on that person’s coattails. But that isn’t really success so much as it is being a parasite — even a beneficial one. Far more frequently, you work with people over time, and as jobs and projects come and go, you wind up assembling a team that then goes out and succeeds. Again, it’s useful to think about musicians. The Beatles, arguably the most successful band of all time, had one member die (Stuart Sutcliffe played bass originally) and another get replaced (Ringo Starr took Pete Best’s job as drummer) before they took the world by storm. That said, it’s hard to make it if you are surrounded by people whose approach to things almost guarantees failure.

5. WINNERS PUT IN LONG HOURS OF HARD WORK THAT LOSERS DON’T.

This myth mistakes activity for productivity. Yes, there are times when you have to do something for 14 hours at a stretch; we’ve all done it. You shouldn’t be doing it like that everyday. One thing I have learned is that if you like something, it’s not work any more. When LeBron James suits up to play for the Miami Heat, do you seriously believe he’s thinking, “Time to go to work?” Basketball for him isn’t work, and the last time I looked, the NBA didn’t play 14-hour games every day.

6. WINNERS SET GOALS AND LOSERS DON’T.

Goals are actually double-edged swords. Yes, setting goals is a great way to focus on achievement. But what happens when you achieve your goal? NASA had a goal of sending a man to the moon before the 1960s ended. It was an astonishing challenge, and the brightest people in the country pulled it off. And then what? We went to the moon a few more times and canceled the last Apollo mission for budgetary reasons. Since then, the brightest people in the country have tended not to work for NASA — the space shuttle and the space station are OK, but they aren’t the moon shot. Goals can be self-defeating, whereas direction is endless. That’s why our space probes are driving around Mars, photographing Jupiter and Saturn and even leaving the solar system.

7. WINNERS THINK OUTSIDE THE BOX, WHILE LOSERS DON’T.

Again, thinking outside the box is a blessing and a curse. You have to be outside of it just enough to see a way to improve on what exists, but if you get too far ahead, no one is prepared to back you. To stay with our space metaphor, back in the 1950s, when the Soviets put up Sputnik, a private company like Virgin Galactic was beyond belief. People weren’t going to go for it because even the U.S. government couldn’t get into orbit. Today, Virgin Galactic is on the verge of commercial operations because the world has caught up to the idea of a private company in space. If you are three steps ahead of everyone else, you’re leading the parade. If you are a mile ahead, you’re walking by yourself.

One final thought about this: Winning is fun, and losing isn’t. But it’s your life. How you keep score is entirely up to you.

Benjamin Wey is a financier and investigative reporter, a contributing journalist for TheBlot Magazine and other media outlets.

NORWAY, A COUNTRY OF MILLIONAIRE, WHAT SHOULD AMERICA LEARN?

NORWAY, A COUNTRY OF MILLIONAIRE, WHAT SHOULD AMERICA LEARN

As of May 2016, every Norwegian is a millionaire from that nation’s wealth accumulation over the last many decades. According Bernie Sanders, the Norwegian model is the right choice for America also. That doesn’t mean that every Ole and Lena drives a Rolls-Royce and washes down their lutefisk and loubscoutch (don’t ask) with Veuve Clicquot. However, the Norwegians have done something that we Americans could and should do but haven’t. They’ve invested the money from their natural resources, mainly oil and gas revenues from the North Sea, in a sovereign wealth fund.

First off, I have to confess to stretching the truth a tiny bit. They are only millionaires in Norwegian kroner, one of which is worth about a sixth of a U.S. dollar. The fund has 5.1 trillion kroner and there are not quite 5.1 million people there. That’s a million kroner each, and that works out to be about $161,000 per person at current exchange rates. Still, it’s a decent sum.

According to ABC News, “Norway still has a national debt of 759 billion crowns or about 25 percent of gross domestic product. By comparison, the U.S. debt of $19 trillion is about 120 percent of GDP. In case you’re wondering, that’s $62,733 owed by each American. But it gets far worse if you add in all the unfunded liabilities of the government: Then it’s $1.2 million owed per American.” Yes, kids, those Nordic welfare-staters run their finances better than the nation that gave the world Wall Street.

Part of the reason that Norway has the largest sovereign wealth fund in the world (bigger than any of those belonging to Arab states even) is that the Norwegians don’t give away their natural resources at fire sale prices. Another reason is that they treat the income as belonging to all Norwegians, including those who aren’t even born yet, so they invest it “for eternity.”

Compare the way the Norwegians deal with their oil with the way Americans deal with oil and gas on federal lands. Larry Persily of the Office of the Federal Coordinator For Alaska Natural Gas Transportation Projects wrote, “Norway makes all of its money by taxing the producers’ profit — plus taking a substantial equity share in many projects, plus earning stock dividends from a government-controlled oil and gas company.”

The tax is 28% on profits (the national corporate tax) and an extra 50% on profits from offshore oil and gas. And the oil companies still make money. Statoil, the national oil company, is 67% government owned and it operates 80% of the production in Norway in partnership with the likes of Exxon and BP. Outside Norway, it has operations in about three dozen countries. All of the taxes and all of the dividends from the government’s share of Statoil goes into the fund.

In America, we charge for the drilling rights and take a royalty from every barrel that comes out of federal land. The opening bid to lease an acre of federal land, worth thousands in competitive bidding situations, is $2. That isn’t a typo. You can get the rights to drill for oil on federal land for 200 pennies. Leah McGrath Goodman wrote in Newsweek last fall, “Oil and gas majors pay a royalty rate of 12.5 percent, based on sales of what they drill and produce. Offshore, that is slightly higher, 18.75 percent, hiked in 2007 from the 12.5 percent rate set in the 1920s. (The higher, offshore rate reflects only leases granted since 2007, which means most of the money paid to Uncle Sam comes under the older, lower rate.)”

To be clear here, we aren’t talking about resources on private land, where the landowner has the mineral rights and such. This is nationally owned land (or off-shore continental shelf) that belongs, in both countries, to the government, or if you will, to the taxpayer. Norwegians get a decent price for the resources that they all own. Americans let themselves get screwed because the government doesn’t want a fight with Big Oil.

Once the Oslo government has the money, though, they don’t hand it out to the taxpayers for new fishing boats or vacations in warmer climes. They invest it. Bloomberg’s Pensions and Investments notes, “The fund, which had an average holding of 1.2% of the world’s publicly listed companies at the end of 2012, invests abroad to avoid stoking domestic inflation.” Read that again. The 5 million people in Norway make up just 0.07% of the Earth’s population, yet own 1.2% of the publicly listed companies. The oil and gas money doesn’t just belong to this generation; it belongs to the Norwegian people across the generations. Just 4% of the fund is released to the government for immediate spending.

Compare this to what the British did with their share of the North Sea’s oil and gas. There is no British Permanent Fund. Mrs. Thatcher and her successors used the money to fund their government budgets, privatized British Petroleum, and effectively handed over the birthright of every Briton to the oil companies.

And this is just oil and natural gas. America possesses other natural resources that we all own by virtue of the fact that we were born American citizens or were naturalized as such. There is coal, there is gold, there are geothermal resources, fisheries, the airwaves on which we broadcast TV and radio. They belong to us all, yet our government hands our property over to special interests at rock-bottom prices.

Norway’s sovereign wealth fund isn’t a silver-bullet solution to its financial issues. Indeed, there is now talk that perhaps it has grown too large to be effective. On the other hand, shouldn’t Americans get a decent price for what they own and shouldn’t future generations of Americans get a country at least as wealthy as the one we inherited? A sovereign wealth fund for America is an idea that is overdue.

BENJAMIN WEY SAYS, 11 SIGNS IT’S TIME TO QUIT YOUR JOB

BENJAMIN WEY SAYS, 11 SIGNS IT’S TIME TO QUIT YOUR JOB

Everyone needs job.

Long ago, one could get a job with a company and, 40 years later, retire from that same company. Those days are long over, and most of us will have numerous employers before our working lives end. So long as you are the one deciding when to quit, that’s cool. As we all learned during the financial crisis, though, a lot of companies in times of trouble do the deciding for you, and you wind up unemployed through no fault of your own.

That isn’t going to change any time soon, but here’s some advice on how to know when it’s time to jump before you get pushed:

The first clue that you probably need to leave is when top management announces major changes.Think about it: If things were going well, there’d be no reason for change. Business is a conservative environment; you don’t fix things that aren’t broken. Risk is acceptable only to the extent that the rewards justify it. If the rewards are shrinking, you are forced to change. “Adapt or die” is code for update the resume.

Are you part of the team to implement “Project X,” which has been delayed twice and has a new project manager and the budget has been redefined? This is change that isn’t being implemented well.

Do you walk past the conference room and the corner offices and see the big wigs in closed-door meetings all day? Their time is valuable, or at least expensive, and every minute they are together, they aren’t running their own fiefdom in the firm. So whatever it is they are discussing is serious. And when serious things go well, those meetings are short, and they leave the doors open. Long meetings with the door shut means review your LinkedIn profile.

Another hint is to check out the conditions in the accounting department. Are the bean counters working late? Sometimes this is perfectly normal, like right before a regularly scheduled audit. But if the last audit was a few months ago and these guys are burning the midnight oil, it might be a sign that there is more money going out than there is coming in.

Related to that, for those of you who get reimbursed for expenses (travel or whatever), do you get your expenses paid easily and quickly, or is it like pulling teeth weeks, even months, after the fact? If they aren’t paying you, and you’re part of the team, what outside suppliers aren’t getting paid? Probably most of them. And why? Because there isn’t enough cash to take care of everyone.

Did you just get a promotion without a raise attached? Does this promotion give you greater responsibility, or as the bullshitters in H.R. call it, “scope for professional growth?” Without more money, they are trying to get more out of you for free. Let’s try a thought experiment. What would happen if you go to the grocery store and get a loaf of bread and a pound of butter, and offer only to pay for the bread? Even if you call the free butter “a unique professional opportunity,” you aren’t leaving with the stuff. If they don’t want to pay you more for extra work, there could be trouble across the company.

Ever been at a company that has a hiring freeze? Someone leaves the company, and the desk sits unoccupied for months or permanently. It could be that the company has outgrown the need for a person in that role, but more likely, not filling that seat saves some cash. And if you’ve been given some of that person’s duties (without a raise), then you should see if that interview suit still fits.

To get rid of a lot of people at once, management sometimes likes to redraw the organizational chart. Have you had four different supervisors this year? Has your department changed names three times? Are you on a different floor or on the opposite side of the building just because? Beware of employees playing musical chairs.

How’s morale? It’s quite possible for you to be totally miserable, but everyone else is thrilled to pieces to get to work every morning. Or are you the happiest camper in the company despite crying yourself to sleep every night? Bad morale is hard to fix. Better to leave.

When you get to work, do you know what you are supposed to do? Or have they moved the goalposts so many times you have no idea where to begin? You have a function within the organization that contributes to the success of the whole, and if you don’t know what that function is and how it fits into the overall operation, maybe no one else does either.

If you’ve been in the company a couple of years, how many new faces are there? If the answer is “a lot,” that means many people have left. High turnover is never a good sign. You probably ought to join the exodus.

Some people think that quitting a job means that they have failed somehow. Rats abandoning a sinking ship, and that kind of thing. That’s the wrong way to look at it. You’re just firing your employer for failure to perform. If they can do it to you, you ought to be allowed to do the same.

 

AMERICAN FINANCIER BENJAMIN WEY REVEALS 7 MYTHS ABOUT WINNERS AND LOSERS IN BUSINESS

AMERICAN FINANCIER BENJAMIN WEY REVEALS 7 MYTHS ABOUT WINNERS AND LOSERS IN BUSINESS

Business is competitive and exciting. 

We spend a lot of time in this society focusing on winning and losing. While attending Columbia University to earn my 2nd master’s degree, I had many professors that challenged us to become winners, not losers. “Benjamin Wey, you want to be a winner? ” says a business school professor. From the sports pages to the stock market, from our elections to our schools, we worry about who’s up and who’s down. There is an entire industry, the self-help book business, that generates millions or even billions for those who claim to have the answers.

Based on my experience of both success and failure in life, I have spotted seven myths about winners and losers that deserve exploring.

1. WINNERS HAVE THE EDUCATION NEEDED TO SUCCEED WHILE LOSERS DON’T.

Education, of course, is incredibly valuable, but our formal system of education isn’t as well adapted to the needs of the 21st century as it could be. You want proof? Bill Gates, Steve Jobs, Larry Ellison, Mark Zuckerberg and Michael Dell dropped out of college and became billionaires. And it isn’t just in the computer world: Ted Turner, David Geffen and Ralph Lauren are worth a billion or more, and they dropped out as well.

2. WINNERS UNDERSTAND THE RULES AND PLAY THE GAME TO WIN WHILE LOSERS DON’T FOLLOW THE RULES.

You can amass wealth, get yourself a corner office and wind up in Millionaire Acres in the Game of Life by knowing the rules and playing by them. However, more and more often, I see truly successful people don’t play the game. They create their own rules. In a world of checkers players, these people are playing chess, Risk, Jenga and God knows what else. By redefining the world around them, they build success into their new game. You can’t win a million-dollar jackpot if you’re playing penny ante poker. And nobody ever got rich playing someone else’s game.

3. WINNERS FOCUS ON LUCRATIVE INDUSTRIES LIKE FINANCE AND LOSERS OPT FOR BUSINESSES WITH LESS REMUNERATION.

We read all the time about the guy at Goldman or Morgan or Chase who got a $100-million bonus, and the popular press has us convinced that everyone on Wall Street is paid insane amounts of money. It’s true for the people at the very top, but most people in finance don’t have “screw you” money — they need that paycheck and can’t afford to be out of work. Think of the people who answer the phones, run the copiers and enter the data. Do you really think they’d do that if they had a million bucks? At the same time, we don’t think of people in janitorial services as being rich. But there isn’t a city in America without at least one person who runs a cleaning service or custodial enterprise who couldn’t pay cash for a Mercedes.

4. WINNERS JOIN WINNING TEAMS AND LOSERS JOIN LOSING TEAMS.

The flaw in this thinking is the word “join.” Yes, it’s possible to team up with someone who is successful, and you can ride on that person’s coattails. But that isn’t really success so much as it is being a parasite — even a beneficial one. Far more frequently, you work with people over time, and as jobs and projects come and go, you wind up assembling a team that then goes out and succeeds. Again, it’s useful to think about musicians. The Beatles, arguably the most successful band of all time, had one member die (Stuart Sutcliffe played bass originally) and another get replaced (Ringo Starr took Pete Best’s job as drummer) before they took the world by storm. That said, it’s hard to make it if you are surrounded by people whose approach to things almost guarantees failure.

5. WINNERS PUT IN LONG HOURS OF HARD WORK THAT LOSERS DON’T.

This myth mistakes activity for productivity. Yes, there are times when you have to do something for 14 hours at a stretch; we’ve all done it. You shouldn’t be doing it like that everyday. One thing I have learned is that if you like something, it’s not work any more. When LeBron James suits up to play for the Miami Heat, do you seriously believe he’s thinking, “Time to go to work?” Basketball for him isn’t work, and the last time I looked, the NBA didn’t play 14-hour games every day.

6. WINNERS SET GOALS AND LOSERS DON’T.

Goals are actually double-edged swords. Yes, setting goals is a great way to focus on achievement. But what happens when you achieve your goal? NASA had a goal of sending a man to the moon before the 1960s ended. It was an astonishing challenge, and the brightest people in the country pulled it off. And then what? We went to the moon a few more times and canceled the last Apollo mission for budgetary reasons. Since then, the brightest people in the country have tended not to work for NASA — the space shuttle and the space station are OK, but they aren’t the moon shot. Goals can be self-defeating, whereas direction is endless. That’s why our space probes are driving around Mars, photographing Jupiter and Saturn and even leaving the solar system.

7. WINNERS THINK OUTSIDE THE BOX, WHILE LOSERS DON’T.

Again, thinking outside the box is a blessing and a curse. You have to be outside of it just enough to see a way to improve on what exists, but if you get too far ahead, no one is prepared to back you. To stay with our space metaphor, back in the 1950s, when the Soviets put up Sputnik, a private company like Virgin Galactic was beyond belief. People weren’t going to go for it because even the U.S. government couldn’t get into orbit. Today, Virgin Galactic is on the verge of commercial operations because the world has caught up to the idea of a private company in space. If you are three steps ahead of everyone else, you’re leading the parade. If you are a mile ahead, you’re walking by yourself.

One final thought about this: Winning is fun, and losing isn’t. But it’s your life. How you keep score is entirely up to you.

BENJAMIN WEY ON LEADERSHIP LESSONS – NOT LIVE A LIFE LIKE A COWARD

Benjamin Wey on Leadership Lessons – Not Live A Life Like a Coward

Benjamin Wey is a financier, an investigative journalist, a leader and the CEO of New York Global Group (“NYGG”), a leading private equity investment firm.

I run across all kinds of things in my professional life that I may not know much about. My expertise lies in how money works, but a lot of the time, I am providing that for people who need money to build bridges or factories, launch high-tech businesses or new farming products. I am driven because I don’t try to know it all. I get advice from people I trust who know these things. Often, I have to pay a pretty penny for that knowledge.

So, it never ceases to amaze me, Benjamin Wey that how many people I meet casually or who are part of my non-professional life have opinions they believe they have to share with me. People who have never been to China (where I was born and raised) want to advise me on how to do business there. People with a negative credit rating want to suggest ways to make my business thrive. People who don’t have to suffer the consequences always know exactly what I should do.

Speaking from personal experience. Benjamin Wey is a Wall Street financier and investigative journalist. I have been to more than 50 countries and have advised many projects. By this logic, if we just let the cab drivers and barbers in New York run the world, we’d have heaven on earth. The old espionage saying applies, “Those who know don’t talk and those who talk don’t know.”

It all sounds simple. In reality however, its takes confidence, courage and a lot of gust to adhere to one’s beliefs and not bend to pressure.

What is really hard to deal with is their damned sincerity. They want to help. They really do. They have my best interests at heart. They’re just hopelessly ignorant about the business situations that puzzle or trouble me, and I really don’t need to be distracted or second-guessed by someone who isn’t even in the game. There are people I will gladly pay for their wisdom, and these other people are not on that list.

There is a special place in hell for the would-be gurus out there who dress up completely obvious points as some kind of wisdom. Fortune-cookie advice is hardly worth cracking open the cookie (and by the way, fortune cookies are an American invention.) “Today is the first day of the rest of your life.” No kidding? A day ago, yesterday was and a day from now, tomorrow will be. That’s how time works!

“Be the change you want to see in the world” is just as useless or unproductive. Why would I want to be the change I don’t want to see? What if I like the status quo? “Be the sameness that you desire” doesn’t really resonate, does it?

A dear friend of mine, one of the most enlightening CEOs of public companies recently taught me a new phrase: YOLO, which stands for “You Only Live Once” . It rings a lot of truth. Take charge, stand up for your own principles, supported by resources and perseverance. In the end, a courageous or a visionary leader does not live life like a coward.

It reminds me of the Chevy Chase bit in the movie “Caddyshack,” when the country club’s best golfer advises a kid to “be the ball.” The kid promptly screws up the shot and is told “You’re not being the ball.” What the hell does that even mean? But there they are on late-night TV telling me to do this or that, not even knowing who the hell I am.

I think a moratorium is in order for any statement that starts with “If I were you …” You aren’t me, and I’m happy about that.

If I wanted your opinion, I’d ask for it. Sometimes we have to ask ourselves a basic question: Can we ever live a life that is fearless?

Benjamin Wey‘s life principles:

1) “Important principles may, and must, be inflexible.” – Abraham Lincoln
2) “No publicity is bad publicity.” – Donald Trump
3) “Facts are stubborn things.” – Ronald Reagan

Yes, I am Benjamin Wey and I stand by these messages. Leadership training is a real and daily learning experience.