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Not even managed mutual funds are safe ...

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Fund manager Mark Denning, who was part of a team running more than £229 billion of assets at Capital Group, has been forced to resigned after allegedly breaking investment rules.

A BBC Panorama investigation – set to air tonight at 8.30pm – will accuse Denning of investing in shares which were also held by the funds he worked on. This is seen as a conflict of interest within fund management as a manager could potentially profit at the expense of his clients - the fund manager could use the significant assets of a fund to push up the share price of a company, benefiting his other investments.

https://www.morningstar.co.uk/uk/news/196565/fund-manager-resigns-ahead-of-damning-bbc-panorama-investigation.aspx

 

And how do his fellow financial professionals react to this?  Well they call him a 'uniquely talented' colleague.  Seems that his only fault was to get caught screwing the dumb retails clients over.  :D  :D:D

Let's face facts ... if you're 'little people' then you aren't safe ANYWHERE in the financial markets.

You WILL get screwed over and eaten alive.

:)

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