Preface-1

The auction-rate securities scandal is just one more variation on a reoccurring theme. And that theme is the documented belief of large segments of the financial-services industry that they are above the law, entitled to special privileges, entitled to engage in conflicts of interest, and they have no duty or obligation to average investors.

William F. Galvin, secretary of state and chief securities regulator, Commonwealth of Massachusetts

Get Ruthless: How Enraged Investors Reclaimed Their Investments and Beat Wall Street now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.