Congress, regulators, and enforcement officials at all levels must help ensure public confidence and trust in the financial industry. In short, prompt enforcement based on effective regulations that penalize and deter wrongdoing is critical.
Investment firms are accepting the premise that they need to change their cultures and increase diversity. We need to change cultural norms, working to challenge embedded views along with overt and unconscious biases.
The latest World Wealth Report makes the case that social media can "reinforce trust by providing a platform for open, meaningful dialogue, which is capable of also driving business."