The Lack of Women in the Securities Industry
According to Laura Schnell, a sex-discrimination lawyer, for most of Wall Streets history women were not on the trading floor. Even today women make up less than 15% of brokers, and fewer than 10 percent of managing directors at major firms (Barrett, 1997).
But discrimination remains hard to fight; as the industry requires employees to sign away they're right to sue, agreeing instead to closed-door arbitration. Critics to this theory feel that the arbitration system does not work …
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…issue of investing?'' Then I realized, when I became a mother, that if a woman could take care of children--the hardest thing of all--she should be able to do her finances.
Q: What's the most important advice you would give women?
A: At the very minimum, invest as much as they possibly can in a plan for retirement, such as an IRA or 401(k). If possible, invest up to the maximum allowed.
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