Intelligent Investing: The Ralph Kiner Lesson For Wall Street
Stark & Stark’s Securities Group Shareholder, Bill Singer, is the author of a weekly column, Intelligent Investing, for Forbes.com. The column focuses on Wall Street regulatory developments and discusses regulation from the individual investor’s point of view. Mr. Singer authored the December 16, 2009 article, The Ralph Kiner Lesson For Wall Street: The old-guard brokerage industry just isn't getting the message, as part of his Intelligent Investing series.
The article discusses the fact that in the past year many customers trusted the advice of Wall Street's biggest brokerage firms and lost most or all of their investments in the process. Mr. Singer states that the excess of poor recommendations, conflicts of interest and insider trading secrets will have a devastating effect to the industry. You can read the full article online here.
