Used Stock Salesman

In the recent USA TODAY/Gallup Poll

• measuring honesty and ethics among 23 occupations,
• only 17% rated stockbrokers "High" or "Very High"
• just behind lawyers (at 18%) and above U.S. Senators (at 15%).
  
  What investors need to know is that stockbrokers are:
  
  
• salespeople - selling you on activity;
• make their money on fees from the actions their clients' take;
• must put their employer's interests ahead of their clients' interests;
• only need to insure their clients are buying and selling "suitable" investments, not the investments that are in their best interests;
• are under no obligation to disclose conflicts of interest (i.e. making a commission on a mutual fund or how much commission they make on a bond transaction - although if you ask, they will give you the information).

Used Stock Salesman make money on your transactons whether you buy or sell, or make or lose money.

See the breaking news about a Long Island used stock salesman.