Selling away is a phrase used to describe the inappropriate practice of an investment professional (financial adviser or stockbroker) offering investments outside or away from the firm; implemented, the brokers sell those that his/her firm has approved for sale to the public. The investments are not on the employing firm’s approved investment product list, nor […]
When you work with a broker, you are trusting that they have your best interests in mind. However, when it comes to the legal responsibilities of brokers, many people are left wondering if they have a fiduciary duty to their clients. A fiduciary duty is the highest standard of care that one party owes to
Do Brokers Have a Fiduciary Duty? Read More »
Brokers are individuals or firms that act as intermediaries between other firms and buyers and sellers of securities in the financial market. Their primary function is to execute trades on behalf of their clients and provide advice on investment decisions. We are asked all the time, “Can Brokers Steal Your Money?” The short answer is
Stockbroker Misconduct is unethical behavior, lacking transparency. It harms investors the most. Such misdemeanors may include unauthorized trades, false representation, too much trading (churning), or inappropriate advice. Brokers breaking the clients’ trust and concealing facts on fees/commissions come under this misconduct. They might even commit fraud resulting in great losses to investors. It’s important to
Stockbroker Misconduct: Unraveling the Red Flags Read More »
