The Post reports:
Some 7 percent of advisers have been disciplined for misconduct, according to a working paper released this week by the University of Chicago Booth School of Business. Misconduct included selling clients investments that weren’t suitable or not consulting with them before making trades and other investment decisions.
And contrary to what some investors might expect, rates of misconduct are much higher at some of the largest financial advisory firms.
Read the story here, and the paper ("The Market for Financial Adviser Misconduct") here.
There is a constant ad, not so admitted but clearly not a mere news item, though pretending to be so, that says that people on social security can with 6 words (or s get $28,000 or some such number of Dollars from Social Security–it clearly is a come-on, since it does not actually reveal what it would take to get this money–and sounds like a way of cheating the government and Social Security. Why is no one outing this scam?