FINRA sends out a battery of email messages to broker dealers informing them of the new rules they are going to be forced to comply with as well as lists of seminars they can attend to learn how to best conform to the new rules. A broker friend of mine will occasionally send me an excerpt from one of those emails. I received this clip of a FINRA email from him just the other day. It was about a "FINRA Diversity Summit" that is to be held in New York City this March. Here is how the program was described:
"The FINRA Diversity Summit provides a forum for diversity practitioners and business leaders from securities firms, financial regulators and other organizations to share diversity and inclusion best practices that link business goals to the workplace and the marketplace."
Isn't that special. Do you have any idea what the above sentence means? Neither do I. Still, I will not allow the doublespeak in the above sentence to keep me from my goal of interpreting what is being said. Let's deconstruct it together and see if we can come up with some idea about what is being communicated to the over-regulated and oppressed securities dealers of the SDA.
If I were attempting to start an investment securities business the most important qualities that I would be searching for in my employees would be an exhaustive knowledge of securities products, an outstanding ability to sell those products to willing customers, great attention to detail and scrupulous honesty. If FINRA really was trying to ensure that public customers of its member firms were being treated in the best possible fashion, it would agree with the goals I just listed. The fact that FINRA is more concerned with advancing progressive political goals than guaranteeing the fair treatment of the investing public clearly proves that FINRA is not really about securities regulation, it is about advancing a progressive agenda for societal change.
An entire cottage industry known as "diversity practitioners" has arisen in the Socialist Democracy of Amerika. The role of these perverts is to "share diversity and inclusion practices." Of course they really don't "share" anything. When regular people share stuff with us we are free to ignore them and what they say. When these diversity practitioners share stuff with securities businesses the owners of those businesses ignore the content of their "sharing" to their own peril. When a priest of diversity and inclusion arrives from the government and "shares" some ideas on how to make your business more diverse and inclusive, you had better do what she says or face the legal consequences.
What will be the content of what is shared by these social parasites sent from the federal government? It will be three-fold. Securities businesses will be informed that when it comes time to hire employees they must make sure that three types of employees are hired. The three categories are sexual perverts, women and government protected races. The entire program of the so called "diversity and inclusion" movement has nothing to do with true diversity and inclusion. It only has to do with providing government benefits for sexual perverts, women and certain races. Consider these truths:
- The company will be required to employ some requisite number of gays, lesbians, transsexuals, bi-sexuals, transvestites and the occasional hermaphrodite. Why the perverse sexual practices of the potential employees should even be public knowledge is never described. Apparently those who rejoice in their various sexual perversions also rejoice in making their behavior public knowledge. Why the practice of sexual perversions should qualify these people as securities brokers and back office personnel is not explained. What is clear is that this tiny minority of grossly immoral human beings is presently being given "most preferred" status by the federal government. As a result they must be hired.
- The company will be required to have the proper number of women and they will be required to be in the proper positions. Gone are the good old days when I could hire a bunch of pretty women and stick them in the secretarial pool. Then, whenever I felt the urge to do so, I could go down to the room where they all worked together and pinch a few bums. Don't tell me they didn't like it. They would always giggle incessantly when I showed up. No! That is "sexual harassment." Or at least that is what the judge told me it was. No, I must have women on my payroll and they must be in positions of power and authority in my firm. Whether these women have the slightest knowledge about economics, finance, investment securities or sales practices is irrelevant. To be diverse and inclusive I will hire them, even though my customers will suffer inferior service as a result.
- The company must also carefully check which race each of my new hires comes from. Now I think we all know there are hundreds of races of human beings. If I had to be truly inclusive I would have to have representatives of all of the races in the world working in my firm. Are there any Afrikaners on the payroll? How about Norwegians? Make sure you have a Fijian or two. Fortunately for me I only have to hire members of those races that the federal government is currently granting special privileges to. That pretty much means I have to hire blacks. Even though Asians are a smaller racial minority than blacks in the SDA I am free to ignore them. I won't, of course. They are experts in finance, scrupulously honest and very hard workers. I will include them but that won't make me "inclusive." The diversity practitioner will only certify me as being diverse when 12% of my workforce is black. So 12% of my work force will be black, whether they know anything about securities or not.
For example, there is no principle of inclusion for Christians. Why should the state not mandate that a certain percentage of Christians be employed by every securities firm? Christians are a minority group. Christians are a minority group that is persecuted around the world. Why do they receive no government protection and advancement? Christians tend to be highly moral. They would be excellent employees in most cases. Still, FINRA does not mandate the hiring of Christians via its "diversity" program. Why not?
There is no principle of inclusion for pedophiles or those who practice bestiality. Why not? Why should they be left off the list of sexual perverts that are protected and advanced into securities careers by FINRA? Children should have rights. One of those rights should be the right to have a mutual sexual relationship with someone above the arbitrary age of 18. Indeed, children should not be defined as being under the arbitrary age of 18. Whatever consenting human beings of any age wish to do should be permitted. There should be no discrimination. And, as far as those who enjoy sex with animals are concerned, I haven't heard of a sheep yet that filed a grievance with the National Labor Relations Board. Have you?
There is no principle of hiring inclusion for the Welsh. We are definitely in the minority. Why should we not be protected? We are experts in finance, economics, investment securities and securities sales. We are scrupulously honest, depending upon what the meaning of the word "honest" might be. Yet we receive no protection from FINRA whatsoever. I conclude that any government agency that will not advance my cause and force securities firms to hire me is not credible. All I want is my fair share. All I want is what is coming to me. All I want is my piece of the pie.