Rotten Advice

Rotten Advice 

America’s revolving door for financial advisers who do down their clients

Source: The Economist

At any rate, they seem to congregate in relatively wealthy, elderly and less educated counties. In some places in Florida and California, one in five advisers has a record of misconduct.

 It is a sorry tale. But information on advisers’ records is at least readily available at BrokerCheck, a website run by FINRA, an American regulator. Clearly, a lot more investors need to use it.