Quote:
Originally Posted by troutman
The financial industry is regulated? Seems like a free-for-all to me.
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Quote:
Originally Posted by fotze
Seems every week in the Herald we find out about another new financial advisor charged with stealing a million dollars from client and it scares the hell out of me.
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Licensed and regulated advisors are subject to a lot of scrutiny actually. While there are always some who manage to slip through the cracks, its a very small percentage. The other thing that happens (and why I quoted fotze here) is that anyone seems to be able to hold them out as a financial advisor...I wish there was a regulation on who can use all those types of titles to lend some credibility to the profession and industry.