RENOWNED INVESTOR Warren Buffett once said that "it is only when the tide goes out that we learn who's been swimming naked." Such is certainly the case when it comes to the current condition of the economy. In a booming stock market, it is all too common for unethical brokers to get by with making unsuitable recommendations into high-risk investments. However, when the market is exposed to great volatility, these financial skinny-dippers become much easier to spotBetween 2000-02, millions of investors suffered in the Tech Wreck crash. In the budding Internet era, dishonest brokers not only banked on the general public's fascination when it came to all things dotcom, but on its lack of knowledge concerning the suitability of an investment Inexperienced or naive investors were eager to take advantage of the wonderful financial opportunities that the Internet offered, but many of these individuals were not aware of how risky the market could be because their financial advisors lied about-or severely downplayed-the actual risks of these securities.
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