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Money Guy Show

Pizza and Other Financial Leftovers

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.73.1K Ratings

🗓️ 22 October 2007

⏱️ 47 minutes

🧾️ Download transcript

Summary

The Securities and Exchange Commission (SEC) called last week and let me know that they were stopping by our offices. As you can imagine, this is not my favorite kind of phone call. We had nothing to hide or worry about, but it’s still a stressful situation. In light of this visit I decided that this would be a great time for me to focus the show on a few "rainy day" articles I had put away to discuss. For more information, visit the show notes at http://www.moneyguy.com/2007/10/financial-leftovers Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

It's Brian Preston, the Money Guy, restoring order to your financial chaos, retirement,

0:25.4

investing, taxing.

0:27.3

You've got financial questions, he's got financial answers.

0:30.9

It's Brian Preston, the Money Guy.

0:34.2

You guys are probably wondering why there was not a brand new show last week, and I've

0:39.9

got the answer for you, but first let me tell you this is Brian Preston, I'm your host

0:43.5

of the Money Guy show, you can go check out our website, it's money-guy.com, but I want

0:48.5

to jump right in and tell you about today's show topic and what happened to me last week.

0:53.4

I got the phone call that nobody in my industry ever wants to receive, and that phone call

1:02.3

was that the SEC, that's the Securities and Exchange Commission, that's not the Southeastern

1:07.7

Conference if you're a college fan.

1:09.9

The Securities and Exchange Commission was going to come by to introduce themselves

1:14.8

to us, to do not really a spot check, but more of just an interview session, and as you

1:20.3

can imagine, that scared the EVGbies out of me, not because we have anything to hide,

1:24.9

it's just because my philosophy is there's two organizations that you have to worry about.

1:30.8

If you don't pay your power bill, sure they're eventually going to come off your, cut off

1:34.3

your power, but there's a pretty good period before that happens, and then you can always

1:38.9

just pay your bill, and they'll turn the power back on.

1:43.0

Or if you don't pay the phone bill, you can use your cell phone or something like that.

1:46.7

But if you ever cross the Securities and Exchange Commission or the Internal Revenue Service,

1:54.6

if they don't like what you've done, they'll just shut you down.

1:58.3

That's the thing that, like I said, we have nothing to hide here, it's still something

...

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