A Thriving Export to Canada: Broker Misconduct
Most Americans have a high regard for our Canadian neighbors to the north. We respect their honesty, their integrity and, especially, their civility.
The statistics on crime in the U.S. and Canada show that Canadians live in a more lawful, peaceful society. Violent crime in the U.S. is appallingly higher per 100,000 inhabitants than in Canada. Murder with firearms is 65 times higher in the U.S. Our overall murder rate is more than double, and our total crimes are five times higher.
There is one area where the conduct of Canadians seems to be on par with their American counterparts: the securities industry. It appears that financial advisers at some top Canadian banks and independent financial firms mimic similar conduct prevalent in the U.S.