11:07 PM
The Trust Factor
"We're at a point where we trust the technology and we trust the operations, but we don't trust the human beings and the corporations they work for," said David Spina, CEO, State Street, speaking of the mistrust in the marketplace at the April TowerGroup conference themed "Trust, Innovation, Results."
His words were backed up by a recent Securities Industry Association survey, which found that 43 percent of investors cited dishonesty as the main issue facing the securities industry.