Wall Street has an alarming number of shady practices geared to transfer your money to itself. Main Street investors are outgunned and ill-equipped to deal with its chicanery.
Conflicts of interest abound
There’s a reason Wall Street doesn’t want to be legally obligated to put your interests above its own. Brokers can (and often do) have conflicts of interest when it comes to the investment products they sell, allowing them to enrich themselves at your expense. But that’s apparently not enough to satisfy Wall Street’s greed. It persists in engaging in questionable conduct that harms investors.
Read the rest of the article at The Huffington Post.