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Resource ID: #18549
Subject: Stocks And Bonds
Source: Money Magazine
Date: October



Money examines the reasons behind the trend of increasing number of lawsuits against brokers and financial advisers. The story relates the trend to statistics showing that since March 2000 investors have lost $4 trillion in paper wealth. "In one corner are brokers who gave clients poor advice and made money at their expense; in another are investors who came down with their own get-rich madness," the magazine reports. The report profiles both naive investors and greedy brokers. It concludes that this is not "a black-and-white situation of victims and victimizers," but a tale of broken communication between investors and advisers.

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