Thu, March 26, 2015
“Wall Street” is a mosaic of paving stones etched with the labels of thousands of financial products for which caveat emptor should always be the buyer’s mantra. Many of these offerings are burdened with vaguely disclosed fee structures, collectible whether the buyer comes out ahead or not. The sales forces marshalled to flog these wares to the public are usually compensated by brokerage commissions ranging from 1% up to 7%.