Phil Cannella – Phillip Cannella Media: Phil Cannella is not one to sit quietly while unscrupulous individuals take advantage of the everyday investor for their own profit. Exposing this type of behavior has become a vocal point for his Crash Proof Retirement™ program for the very purpose of bringing the truth to the American retiree.
An excellent case in point is one that Phil Cannella points to as occurring too often: Insider Trading. What exactly is “Insider Trading” though? It could be defined very simply as the illegal practice of trading on the stock exchange to one’s own advantage through having access to confidential information. We see this all the time in the news and in the movies too. This type of behavior Phil Cannella wants to stamp out hard as the person who is hurt by this is the everyday investor.
Just last week, the SEC put out the following: “The Securities and Exchange Commission today charged a stockbroker and a managing clerk at a law firm with insider trading around more than a dozen mergers or other corporate transactions for illicit profits of $5.6 million during a four-year period.”
Phil Cannella lashed out at this sort of activity and seeks to put an end to through industry reforms.