Let us not seek to fix the blame for the past

“When an adviser says to a 52 year old businessman, ‘I recommend you buy X, Y and Z,’ just through experience they’re aware of what a stock is, what a bond is, the difference between municipal and corporate bonds, and what the relative risks of each are,” says Curtis Carlson, Chase’s father and a longtime securities fraud litigator with his own practice. “But a 22 year old NFL rookie doesn’t know whether something is a reasonable recommendation or not. He doesn’t know that an adviser who says, ‘Meet me at the nightclub,’ is probably not someone you want guiding you.”.

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