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Friday, November 26, 2021 12:06:34 PM
Clients lose, the imbedded titans of Wall Street do not (in the sense of losing less than clients if it comes down to that). Brokers get 'something' in exchange for accepting wash shares to get them off the books of the client. They give NOTHING away free. Somehow the brokers make out on these transactions.... how is what I am asking.
I have taken the time, admit not much, to research on the internet. To no avail obviously. Not really concerned but it bites me to think a broker could profit from the cash back for these shares.
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