In today's video, Nate Weisshaar and David Kuo discuss Standard Chartered (LSE:STAN) bank in light of recent allegations that it laundered as much as $250 billion (161 billion pounds) for Iran.

This recent misstep is particularly embarrassing because Standard Chartered was trying to portray itself as different than some of the other more troubled banks out there. The possible outcomes for this scenario are varied and still unknown, so Weisshaar encourages investors to hold off on any action until additional information is available.

Investing is by no means easy in today's uncertain economy. That's why we've published "Top Sectors of 2012" -- our guide to three favorable industries. This free report will be dispatched immediately to your inbox.