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Telling widows and orphans to gamble with their savings would be a violation of the advisor's fiduciary obligations to them, which should make him personally liable for their losses (and there is a case to be made that court awarded compensation should be paid out by the public purse and then collected by the public inkasso).

Oh, and get the financial advisor disbarred from financial advisoring in any official capacity ever again.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Feb 3rd, 2012 at 08:51:37 AM EST
[ Parent ]
I'll believe that when I see it.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Fri Feb 3rd, 2012 at 09:14:51 AM EST
[ Parent ]

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