“The average investor has no confidence in the market it has a different attitude towards it,” says the Wall Street veteran Muriel Siebert. “We want a market in which people accumulate their retirement savings. They no longer do so as before. I have clients who hold full cache because no longer have the same confidence. For them money is simply not working, “she said. Born during the Great Depression Siebert has witnessed many economic cycles as a trader on Wall Street and banking supervisor. She began her career as an intern analyst for 65 dollars a week to become the first woman to place the New York Stock Exchange in 1967. Today she heads the brokerage firm Muriel Siebert & Co. “What scares me is disappointing and that the public has no confidence in the market,” she Cava. “We do not see people who traded before. You bring them back. Mass investors contributed to many successes of this country.”
Siebert blames lack of transparency, especially in derivatives. They have their markets, but must be regulated, says she. “Before we had more transparency about what is happening in the markets,” she remembers. “Trade was real, so that could be analyzed a little better. You can make light of OTC block trades”. To return to ordinary investors in stocks, as it is compelling global regulation on securities.
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