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Podcast: Moneylife News Bites
Episode: Fake Gurus and Risky Bets: Regulators Can Protect Investors by Allowing Better Visibility
Description: This week Sucheta Dalal talks about fake financial gurus and the risks they pose to investors. She highlights how these unregistered advisors can mislead investors and make unrealistic promises. She also discusses how current regulations make it difficult for qualified advisors to compete and leaves space for scammers to operate. Finally, suggesting ways for investors to protect themselves and also proposing that regulators publish data on financial advisors' performance. Hosted on Acast. See acast.com/privacy for more information.