JUPITER Global Holdings fka JPHC

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What Broker-Dealers Are Not Allowed to Do

Is any of this happening with JPHC?

The following are practices that broker-dealers are forbidden to do:

* Churning: Excessive trading of a client's discretionary account to increase the broker's commissions.
* Use deception or manipulation to trade securities, or failing to state material facts
* Recommending low-priced, speculative securities without determining whether they are suitable for the client
* Make unauthorized transactions
* Guarantee that loss will not occur
* Try to talk clients into buying mutual funds inappropriate for their means and goals
* Use fictitious accounts to disguise trades
* State that the SEC has approved or judged positively either the security or the broker
* Not promptly transmitting the client's money or securities

Broker-dealers convicted of any of these actions may be expelled or suspended by the NASD.

Because brokers have so much control over other people's money, their activities are highly regulated.