Why is anyone who doubts the overall integrity of then investment industry is getting downmodded here? The HN crowd is usually smarter than this. First of all,

Why is anyone who doubts the overall integrity of then investment industry is getting downmodded here? The HN crowd is usually smarter than this. First of all, downmods are for spam so stop treating this board like diggiotic censorbots. Second of all, educate yourselves about the truth of the investment industry. Or better yet try trusting your own money with it and learn the hard way. Big brokerages buy large blocks of a stock which sends the price up, then they call affiliated brokerages to advise all of their clients to buy the same stock because the price is going up which sends the price up more, then the big brokerage dumps their shares and keeps the profit. Pump and dump. It's one of the many price manipulation games the finance services industry plays against its own clients, it's illegal, and it happens every trading day in full view of the SEC. Madoff proved the SEC are the Keystone Cops. Suckers believe that brokers are paid according to the success of the client's profile because that's what their brokers tell them. Dead wrong. Brokers are paid according to the number of sales, transactions, and new clients (suckers) they can reel in. So go ahead and downmod me. There's one born every minute. Always more sheep to be shorn.