Hedge fund and private equity managers, like professional athletes, risk a lot to make a lot.
But the big banks pay people millions to gamble with other people’s money.
http://opinionator.blogs.nytim
http://opinionator.blogs.nytim
Like the insurance agents who disguise as Executive Financial Consultants and who know next to nothing about ILPs or investment or finance gamble away their clients' money.These are the despicable salesmen the law must come down hard on them before they do more damages for their own selfish ends like commission, incentive trip, mdrt etc.
ReplyDeleteMAS, please quickly implement the Customer Knowledge Assessment before more people especially the unwary gullible man in the street become victims and their hard earned money burned when these conmen and women rush for the year end production deadline. At this time ethics and conscience are thrown out of the window.