Legal Issues

by Joseph Weisenthal


Filed Under:
ratings



How Long Before Financial Advisors Rating Site Gets Sued?

from the the-rating-game dept

Back in June, the launch of Avvo, a site for rating lawyers, was met with a lot of controversy. Lawyers aren't used to being rated as if they were any other good on the market, and it didn't take long before the site was sued by one lawyer unhappy with his ranking. Now a similar site is getting set to launch, except this time it will focus on financial advisors, another group which isn't used to much scrutiny. It's not clear whether or not this will prove particularly useful, but hopefully the site has some money socked away for legal fees, since it's only a matter of time before one disgruntled advisor sues after a bad rating.

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  1. identicon
    Anonymous Coward, 27 Apr 2009 @ 9:54am

    Below is the comment left by "aka Nurse" under the name Yahoo back on Sep 7th 07. Seems like the same idiot changning names by Yahoo Read the Nurse comment "by nurse - Dec 1st, 2008 @ 5:35am" then this one

    - Sep 7th, 2007 @ 9:53am
    I looked at this site and it's a mess.... No control over input - - any broker can rate himself...... or have a buddy rate him. The questions are stupid ..... a bad broker could easily sucker a client into giving him a 100% rating. You can only see the 10 brokers that rated highest ..... none of the other rating are available. Of course it's the brainchild of a BROKER. Someone tried to give some suggestions and was told to leave the site.

    The good news is that almost no one is using this site.

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