3 ms·
Did you report them to finra?
by scsilver 5y ago
Did you report them to finra?
- hogFeast 5y agoNot in the US. Unbelievably, there aren't specific rules against falsifying returns if you are careful with how you present them (for example, the CFA, the main accreditation for fund managers, just has a "code of conduct"...ironically, the guy who is the director of conduct on the CFA board in my country used to steal from employees). This guy didn't actually know this, he just didn't understand how to construct returns, and made "adjustments" until the number was right. His only real area of knowledge was complex, high-fee insurance products, he knew nothing about actual investing (he used to work as a captive salesman at an insurance company).