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<p>[QUOTE="fatima, post: 1353072, member: 22143"]Buying equities in publicly held firms is not an antiquated view of investment. But such a thing absolutely requires that faith is established and maintained in said markets by rules and regulations that insure everyone gets a fair chance and that those in a position of power don't use that power for unfair gain. Destroy that faith and all bets are off. </p><p><br /></p><p>When the CEO of a several hundred year old brokerage house, one with impeccable credentials, one that had the full trust of the Federal Reserve, can bet customer's money, loose it, and not face any repercussions, then this is a huge issue. They broke the law. Where are the regulators? Nobody can now know that their own brokerage house is not up to the same tricks. Anyone, who does their own research as you advised further back simply can't ignore this. If they do, either they haven't done that research, or they won't go places that contradict their view no matter what their eyes tell them. </p><p><br /></p><p>Your personal anecdotes are irrelevant to this argument.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1353072, member: 22143"]Buying equities in publicly held firms is not an antiquated view of investment. But such a thing absolutely requires that faith is established and maintained in said markets by rules and regulations that insure everyone gets a fair chance and that those in a position of power don't use that power for unfair gain. Destroy that faith and all bets are off. When the CEO of a several hundred year old brokerage house, one with impeccable credentials, one that had the full trust of the Federal Reserve, can bet customer's money, loose it, and not face any repercussions, then this is a huge issue. They broke the law. Where are the regulators? Nobody can now know that their own brokerage house is not up to the same tricks. Anyone, who does their own research as you advised further back simply can't ignore this. If they do, either they haven't done that research, or they won't go places that contradict their view no matter what their eyes tell them. Your personal anecdotes are irrelevant to this argument.[/QUOTE]
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