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> At the end of the day, the only person who is responsible for it is you. There are rules about fraud and fiduciary duty and disclosure which make blanket sta
by twblalock 8y ago
> At the end of the day, the only person who is responsible for it is you.
There are rules about fraud and fiduciary duty and disclosure which make blanket statements like this incorrect.
- deleted 8y ago[deleted]
- blunte 8y agoI think the point is, an experienced investor should be able to either see through a fraud or at least do proper due diligence before investing a large sum. Plus, institutions often make a small initial test investment. If the performance is as expected, risk considered, then they may make the big investment. A retail investor can't be expected to properly research claims, but a professional should be.