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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