Investors glaze over at plethora of rules
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2/02/2005 12:00 am
Just as worryingly, regulators cannot insist that investors in the highly regulated markets actually read an investment prospectus. In the booming credit market, where the search for yield has been the driver of massive innovation, bankers report that investors have stopped reading the fine print and only stare at the coupon.
It has to end in tears.
