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Most Americans Support Holding Wall Street and Corporate Wrongdoers More Accountable to Investors by Bolstering Investors' Legal Rights, an Opinion Research Corporation Survey Finds
January 19, 2010Sixty-two percent of Americans believe Wall Street executives were not honest with the public during the recent financial meltdown and 59 percent of Americans do not believe corporate CEOs and financial officers provide accurate information in financial statements. And, most Americans favor additional legal rights for investors that would allow them to seek compensation for loss from any deceptive conduct by Wall Street or corporate officers -- even if it did not involve a public misstatement. These are among the findings of a national Opinion Research Corporation (ORC) survey of public attitudes toward financial fraud and investor protection. The telephone survey, conducted December 10-13, and sponsored by the National Association of Shareholder and Consumer Attorneys (NASCAT), also found that nearly all Americans feel that those who commit fraud should be held accountable to investors who lose money as a result of the fraudulent behavior. Similarly, nearly all Americans think that those who engage in fraud but do not admit it publicly should still be held accountable to investors. Full release.