Tuesday, August 13, 2013

Don’t Trust Wall Street

CBSNews.com recently released a rather scary article, one that disclosed a frightening fact: Wall Street executives aren’t getting more ethical; they’re getting less ethical! While many of Wall Street’s past actions are largely to blame for the financial crisis the United States is currently in, there is no evidence that Wall Street execs have learned from their mistakes. In fact, a recent survey from Labaton Sucharow LLP revealed that a whopping 25% of professionals providing financial services and advice admitted that they would readily engage in insider trading. Similarly, approximately 25% of financial services providers admitted knowing of unscrupulous practices within their workplaces.


This disturbing news just goes to show that you really have to be careful about whom you trust with your finances. As an added protection, you may even want to consider keeping your own records via Quickbooks or a similar program and checking your records against your financial advisor’s records. To get set up with Quickbooks and to find truly trustworthy financial services in Naperville, contact Susan S. Lewis, Ltd.
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