My name is Elena Bryant and I am a fourth-year medical student at Morehouse School of Medicine. I initially entered medical school with the goal of becoming either a pediatrician or a pediatric surgeon. However, the challenges of medical school really helped me to learn more about myself and solidified my future career plans. These two specialties did have a central theme: children. Therefore, it was natural to venture towards General Pediatrics. While studying medicine, what I also learned was that I loved working with the medically underserved. The complexity that their social issues added to their medical issues kept me constantly on my toes.
By Hector Rojas, Spring 2017 Student Intern
In part one of this series, we talked about the Military Saves Campaign generally and how it encourages military families to save money every month. In part two of this series, I will talk about the Military Saves Pledge and how taking the pledge motivates our service members and their families to save.
Military Saves Pledge
According to Military Benefits, a non-government, privately sponsored website, Military Saves encourages all service members, their families, and civilian employees to “Take the Military Saves Pledge.” The military saves pledge is a commitment to help yourself and your family to save money, reduce debt and build wealth over time. Service members who take the pledge can also receive a monthly e-newsletter and a quarterly e-newsletter from America Saves.
The Military Saves Pledge goes as follows: “I will help myself by saving money, reducing debt, and building wealth over time. I will help my family and my country by encouraging other Americans to Build Wealth, Not Debt.”
Here are three reasons why you should take the pledge and why it is worth your time.
- The Military Save Pledge is a promise to yourself to “save money, reduce debt and build wealth” over time. Building wealth affords service members and their families an opportunity to achieve goals such as maintaining an emergency cash reserve, buying a house, or paying for college.
- Military Saves will support you and your savings goals. By taking the pledge, you’ll find a vast array of military-related financial resources—blogs, tools and tips on the Military Saves website—with just the click of a mouse. You can even opt to receive the quarterly America Saves Newsletter and the monthly Military Saves Newsletter.
- You get a copy of your credit score for free. If you are an active service member or spouse taking the Military Saves Pledge, you also have the option of receiving your FREE myFICO® credit score.
If you are still unsure whether or not to take the pledge, consider taking it to simply invest in yourself and your family’s future. Financial preparedness is built when you “Set a goal. Make a Plan. Save Automatically.”
In part three of this five part series, we will talk about the specific goals you can choose to save towards. Stay tuned.
To take the pledge, click here.
By Hector Rojas, Spring 2017 Student Intern
A-tten-tion! At ease soldiers, it is Military Saves Week and the Investor Advocacy Clinic wants to remind our servicemembers about the purpose of this campaign and what it stands for. Over the next five days I will be outlining the basics of Military Saves week. In part one (below), I will be talking about the campaign generally. In part two, I will talk about the Military Saves Pledge. I will follow that up in part three by talking about specific savings goals and how setting goals can help you with your savings. In part four, I will mention how the campaign encourages our service members to save. And finally, in part five, I will discuss some frequently asked questions our service members have regarding the campaign. I hope you enjoy this five part series and that it encourages you to save!
What is Military Saves Week?
Military Saves Week is Monday, February 27 to Saturday, March 4, 2017. The Military Saves campaign encourages military families to save money every month. The purpose is to assist service men and women and their immediate family members in their efforts to build personal wealth through reducing debt and establishing savings goals and to convince leaders and organizations to be aggressive in promoting automatic savings. The Military Saves campaign is a year long effort and Military Saves Week provides the opportunity for the military community to come together and focus on financial readiness.
Military Saves encourages all service members, their families, and civilian employees to take the Military Saves Pledge and for organizations to promote savings year-round and during Military Saves Week. By working with FINRA Investor Education Foundation, the defense credit unions, military banks and other non-profit organizations to promote savings and debt reduction, savers who take the pledge can opt to receive a monthly e-newsletter from Military Saves, as well as a quarterly e-newsletter from America Saves.
Next time on this five part series outlining Military Saves Week, we will talk about the Military Saves pledge and its purpose. Stay tuned.
To view the Military Saves Fact Sheet, click here.
To see the Department of Defense Military Saves Memorandum of understanding, click here.
by Qudsia Shafiq, Spring 2017 Student Intern
In late January 2017, the Securities and Exchange Commission (SEC) reported Citigroup Global Markets, Inc. agreed to an $18.3 million settlement for allegedly overbilling at least 60,000 investment advisory clients and misplacing another 83,000 client contracts.
How does a company overcharge over 60,000 customers?
Willard N. Timm, Jr. joined the Philip C. Cook Low-Income Taxpayer Clinic in May 2007 where he is the Associate Director. In that role, he mentors students as they represent low-income taxpayers before the Internal Revenue Service office of Appeals, Chief Counsel, collections and examination as well as before the United States Tax Court.
The Investor Advocacy Clinic’s work includes legal representation of regular people who have been harmed by their broker’s actions. We bring legal actions seeking damages to help make our clients whole. But our work doesn’t stop there. We focus on education so investors will never find themselves needing our legal services. We are actively engaged in the regulatory process, monitoring for new regulations and laws that might impact regular investors and critically analyzing the proposal to share with regulators how proposed laws might impact small investors.
Recently, clinic director Nicole Iannarone was quoted by Investment News in the article Elder Abuse Prevention by Advisers Depends on Their Firms’ Response to New Rule. The article outlined the SEC’s approval of a new FINRA rule aimed at preventing financial exploitation of adults who may have diminished capacity. Professor Iannarone discussed that while FINRA’s new rule is a welcome addition to the regulatory scheme, in order to protect investors fully it should go even further. Her comments echoed those of Investor Advocacy Clinic student interns David Hsu and Christopher Pugh, Jason Robinson, and Darius Wood who drafted comments concerning the initial rule proposal.
Professor Iannarone’s academic research focuses investor protection and legal ethics. She recently worked with her clinical colleagues at other institutions to draft a series of articles concerning the impact of diminished capacity on all parties in investing and securities arbitration proceedings. The first piece, A 360 Degree View of Roles and Responsibilities Concerning Diminished Capacity: Financial Advisers’ Obligations to Clients, Lawyers Representing Clients, and Lawyers Preparing their Practices, co-authored with University of Miami Investor Rights Clinic Director Teresa Verges and Pace Law School Investor Rights Clinic Director Elissa Germaine provides an overview of the problem of diminished capacity in investment transactions and introduces three articles in a series. The first article in the series, The Broker-Dealer’s Role in the Detection and Prevention of Elderly Financial Exploitation, written by Professor Verges, attacks the problem from the broker dealer’s perspective. The second article, Lawyers’ Obligations When Representing Clients with Diminished Capacity, written by Professor Germaine, outlines lawyers’ responsibilities when working with clients who may be suffering from diminished capacity. The final article, written by Professor Iannarone, Keeping Our Houses in Order: Lawyers’ Obligations Concerning Our Own or Our Colleagues’ Inability to Competently Represent Clients, addresses lawyers’ responsibilities to protect their own practices from the impact of their own potential diminished capacity.
The Georgia State Law Investor Advocacy Clinic continues to monitor regulatory developments that might impact regular investors and conduct research on cutting-edge issues facing investors.
My name is Chantell Albert and I am from beautiful and (mostly) sunny Florida! I am currently a fourth-year medical student at Morehouse School of Medicine. I obtained my B.S. in Psychology from Florida State University. Just a few short years ago I matriculated to Morehouse with dreams of becoming a pediatrician. In a few short months, that dream will finally have been realized!