Category: Broker or Investment Advisor


 
Congress Rejects Bill To Force Stockbrokers/Advisors To Act In Clients Best Interest
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Congress Rejects Bill To Force Stockbrokers/Advisors To Act In Clients Best Interest

By Bryan Binkholder on Feb 28, 2010 in Broker or Investment Advisor, Featured, The Cons of Wall Street

Jason Zweig from the Wall Street Journal discusses how the Congress rejected the bill requiring stockbrokers and insurance agents to put consumers interest first.  The only people giving independent advice conflict free are Registered Investment Advisors.

Brokerages Should Prepare For A Fiduciary World (putting clients first)
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Brokerages Should Prepare For A Fiduciary World (putting clients first)

By Bryan Binkholder on Nov 10, 2009 in Broker or Investment Advisor, Brokerage Firm Games, Featured, The Cons of Wall Street

Great ‘insider article’ describing how currently brokers and brokerages must act in a ’suitable world’ in which they just have to show that invest recommendations they made were suitable, although not necessarily the best for an investor.  In addition, when it comes to special offerings, IPO’s and other specialty items that brokerages create or are [...]

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Investors Beware! What Wall Street Doesn’t Want You To Know

By Bryan Binkholder on Nov 09, 2009 in Broker or Investment Advisor, Investing, The Cons of Wall Street