A Troubling New Study — and Fiduciary Responses

A new research study by business school professors at the University of Chicago and the University of Minnesota has found that 7% of financial advisors at brokerage firms have been disciplined for misconduct.

The problems are not isolated.

“It’s everywhere, not just small firms. It is pervasive,” one of the study’s authors, Amit Seru, a finance professor at the University of Chicago’s Booth School of Business, told Bloomberg News.