Financial Advisors' Past Missteps: Does Race Matter?

This project has two goals: (1) to quantify the impact of financial disclosures (such as prior bankruptcy) of registered investment advisors on their future labor market outcomes and (2) to understand whether advisors from racial minority groups face different labor market penalties from their disclosure of prior financial mis-steps. To get an idea of the financial advisor data and institutional setting, please see prior work by this coauthor team.