Aliyev, Nihad; Allahverdiyeva, Inji; Putniņš, Tālis J. - 2022
We find that approximately 30% of financial advisers in the United States are involved in misconduct, yet only about one-third of those are detected. Advisers involved in misconduct tend to be male, work in a "toxic" environment, change firms more often, pass fewer industry exams, and have less...