No trust in financial services

Posted by CFA Institute

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2008 financial crisis, ongoing scandals around money laundering, rogue tradingrate manipulation and insider trading, the industry lost the faith of its key constituents – the clients, investing public and other participants that help it function on a day-to-day basis,” says a recent CFA Institute/Edelman Investor Trust Study

Only 53 per cent of investors in the United States, United Kingdom, Hong Kong, Canada and Australia have faith in investment firms. What’s more, the investors surveyed around the world said they have less respect for the financial services and banking industries than in other sectors such as telecom, consumer goods and pharmaceuticals.