Twin Peaks approach n.— «It was influenced by what is known in regulatory circles as the Twin Peaks approach, used in Australia and the Netherlands. The idea is to create two financial regulators that are given separate responsibilities...
diworsification n.—Gloss: Diversifying one’s investments too much. «Diworsification refers to the fact that you can diversify too much. For example, if you own one company’s stock you could potentially hit it big, but you could also...
wrap fee n.— «It allows broker-dealers to charge fees based on assets under management (sometimes referred to as a “wrap fee”) rather than product commissions—just as the registered investment advisers do. If the client’s...
chuppy n.— «Take the “Chuppies” into account when rounding out your investment portfolio, advises investment strategist Dr. Bob Froehlich. Chuppies, Froehlich explains in his new book “Investment Megatrends,” are...
dreck n.— «Dreck. Cheapest quality leather. (Dreck is Yiddish for filth.)» —“Leather Workers’ Slang and Jargon” by Members of Suitcase, Bag, and Portfolio Union in Mass., N.J. Lexicon of Trade Jargon , 1938...
tuner car n.— «Steve Saleen stresses that his cars are not tuner cars.…S351s are sold only as entire cars, not a bunch of pieces. And though they are certainly modified Ford Mustangs, they are production cars, not one-offs with...