Wednesday, November 02, 2011

Ms. Sonders saying it

Liz Ann Sonders, chief investment strategist at Schwab, said that the MF Global situation seemed to be more a miss by the auditors than a regulatory problem.

"It may show that we don't have adults manning the regulatory store, and that to the extent that this was a miss on the part of auditors, that should have been obvious suggests that this is still a problem," she said.

"It's another hit to the confidence certainly of individual investors who have, maybe rightly so, felt that the whole game is rigged against them."

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