Five Unbelievable Financial Advisor Regulations

The federal Securities and Exchange Commission (SEC), created after the 1929 stock market crash, regulates financial corporations. The agency was charged with ensuring that nothing inappropriate occurs in the investment world. As a result, hundreds of regulations of compliance for firms dealing with securities were created. These rules have not prevented the Enron scandal, Bernie Madoff's Ponzi scheme or the financial crash of 2008. But they cost American corporations several billions of dollars...