Why should you never buy a mutual fund or retirement plan from a broker or insurance agent?
Unlike a broker or an agent, he is not working solely for a commission and must provide the most prudent advice or products to you.
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"Defendants effectively operated in a tag-team fashion--rotating in the roles of prime broker, clearing agent or counterparty that enabled the short sale transaction to go forward without the expectation of delivery, " the complaint says.
Or, if you insist, he will also call the broker, the insurance agent, etc.
Your broker, your insurance agent, your accountant, your banker, even your lawyer might likewise concoct a plan for you, with the cost somewhere in between.
You can also ask your local state securities (see NASAA link above to locate your state securities agency) or insurance regulator for a background check on any broker, adviser or agent.
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In settling its case against Risher, the SEC imposed upon him a Bar from association with any transfer agent, broker, dealer, investment adviser, municipal securities dealer, municipal advisor, or nationally recognized statistical rating organization.
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Here's why: In the next few months, you may get a letter from your credit card company, insurance agent, or broker that looks like a piece of junk mail.
Every broker, financial advisor and insurance agent wants a piece of the doctor market.
The amendments require that mutual fund financial data reflect amounts the fund would have paid to its service providers, such as its custodian, transfer agent, law firm or printing firm, if a broker had not paid those providers on behalf of the fund.
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Software is coming, too, including a buying agent called E-speak that can search the Web, inventory other programs and broker deals.
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