There?s no point in a financial services Trip Advisor unless reputation matters

Until 1986, there were no mis-selling scandals. The sales of financial products were regulated by contract law and a few pieces of primary regulation, just like the sale of everything else. If a product was not fit for purpose – in other words, if the product did not do what it said on the tin – then it would be possible to get recompense. If the product was simply not fit for the buyer, then caveat emptor (buyer beware) held. But is it right that we treat financial products differently from other purchases?

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Source: http://www.iea.org.uk/blog/there%E2%80%99s-no-point-in-a-financial-services-trip-advisor-unless-reputation-matters

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