Posts Tagged ‘stockbroker’

• Will the SEC force your broker to behave?
• POSTED 01.27.11

It’s too soon to put on the party hats. The investor protection community cheered this week, when the staff of the Securities and Exchange Commission recommended that stockbrokers take more legal responsibility for the financial advice they give. But we’re a long way from moving that proposal into an actual rule of conduct. Of [...]

• Changing stockbrokers? Don’t reward the bad guys.
• POSTED 02.15.10

If you’re unhappy with your stockbroker, and move your account to another firm, don’t sell your securities before you leave. That gives the bad broker a huge good-bye present, in the form of a mountain of sales commissions. My friend Tom Benson, who analyzes customer accounts for improprieties, says he’s currently handling a case where [...]