Undercover Study Finds That Financial Advisers Put Profits Ahead Of Their Clients

Undercover Study Finds That Financial Advisers Put Profits Ahead Of Their Clients: Former Goldman Sachs trader Greg Smith publicly resigned three weeks ago, decrying the firm’s “toxic and destructive” culture in a scathing New York Times editorial. But it isn’t just traders at America’s biggest investment bank that view their clients as “muppets,” at least according to a new study from the National Bureau of Economic Research. [...]/p