> For the complete documentation index, see [llms.txt](https://gitbookwhitepaper.gitbook.io/gnc-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://gitbookwhitepaper.gitbook.io/gnc-whitepaper/introduction/problems-with-traditional-asset-management.md).

# Problems with Traditional Asset Management

The Traditional asset management industry has been plagued with multiple issues including scams and corruptions since its inception . Unethical and illegal manipulations by asset managers with a large sum of money at their disposal Ponzi schemes and sweepingtechniques are some of the common allegations faced by the industry . The industry has developed deep -rooted problems including mutual mistrust, unethical practices , scamming , and below- the-surface deals.

Trusting even professional asset managers in traditional markets can sometimes lead to problematic results . Stories of asset managers making certain trades just to increase their commission and drive up the fees to their investors are just the beginning when it comes to the level of dishonest activity when it comes to investing other’s money. Every year, thousands of licensed traders are found guilty of insider trading , fraud , or scamming hard-working investors


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