Friday, October 17, 2008

Lack of Diversity at largest brokerage companies

Report on diversity in the financial sector in the US:

"Irresponsibility demonstrated by the current sub-prime fiasco is going to cost our society in a number of ways, including impact on the stock market and destruction of investor wealth. What is more damaging but less obvious, is the effect on our society of limiting access to instruments of equity trade and finance to a small slice of our total population. Blacks and Latinos continue to invest in equities proportionately less than white people. As their numbers grow, our nation’s ability to generate wealth is diminished proportionally to the exclusion they experience"

No comments: