Undercover Operation Shows All The Ways Financial Advisors Are Lying To Clients

People make a lot of dumb investing mistakes.

And they should not expect financial advisers to correct them.

That is one finding from two studies that used actors posing as middle- and upper-middle-class Americans looking for financial advice.

Their experiences should set off alarm bells for investors and the compliance officers who monitor adviser behaviour.

Read the rest of this story on Reuters >

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