How much did that free dinner cost me?

“Annuities Soar After Rule’s Demise,” The Wall Street Journal, October 29, 2018 B1.  More annuities sold after failure to pass rule about disclosure of conflicts by investment advisers.

If you don’t institute controls on behavior, what will enterprising (sales)people do?  What’s it worth to you to know whether the person advising you is getting a large commission?  Would that information influence your financial decisions?  Do investors need to be protected from salespeople offering “free” meals? And if investors either (a) are or (b) are not so protected, what are the consequences on the other decisions those investors make in their lives?  Do we rely on the government to protect us from our dumb decisions?

Caveat emptor?  Is this an Information post or a Governance post?

Advertisements

Leave a comment

Filed under Controls, Duty, Governance, Information, Reliance, Third parties, Use, Value, Vendors

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s