Nearly 80% of investors said they are angry about the lack of reforms in the financial markets and are demanding stronger actions to be taken, according to a new survey.

The survey from Shareowners.org and the Opinion Research Corp. of 1,256 investors showed 58% are now less confident in the fairness of the financial markets than they were a year ago. The number one reason was because of overpaid CEOs and/or unresponsive management boards. In second place was reports of stock market fraud and abuse followed by the failure of stock market regulators and a decline in their portfolio or retirement fund.

Eighty-nine percent said more laws are needed to govern stock market fraud and abuse and the SEC and other regulators should have more enforcement power. Seventy-seven percent said they want shareholders to have more of a say on CEO and top management picks.

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