Just When You Thought Clients Trusted You…
September 26, 2013
Jordan A. Thomas provides encouraging words for investing in U.S. financial markets
A high-net-worth investor very bluntly expressed her own distaste with her advisor and with financial services at large, during an Institute for the Fiduciary Standard conference call on "trust and Wall Street."
"I'm a high-net-worth investor who thinks something stinky has happened in her accounts," the woman said.
Jordan Thomas, one of the presenters and a partner at Labaton Sucharow LLP, who investigates and prosecutes securities fraud, jumped in during the middle of the woman's rant.
"It's easy to pile on Wall Street, and say, 'Look at all the problems,'" he said. "But I can tell you as a former SEC person who's worked with international authorities and seen international markets, there is no better place in the world to put your money."