It is an unethical practice. Nowadays, several financial professionals are cheating their customers to earn more. The biggest motivation behind this concept is money. In order to satisfy their numerous needs. They committed fraud and encouraged others also to conduct wrong deeds.
Money is most important thus, it should be secured well by such companies as the person deposited the money with faith if his faith is broken than this will not be a good sign for the business. Hence, a constant check by the government or the local authority should be suggestible in such cases.