InvestorsHub Logo
Followers 252
Posts 28473
Boards Moderated 3
Alias Born 07/07/2004

Re: creede post# 82

Monday, 05/09/2022 8:40:59 AM

Monday, May 09, 2022 8:40:59 AM

Post# of 160
Sorry, but brokers are legally required to shun unsuitable investments which include much OTC rubbish... Junk that's accepted on IHUB, but almost nowhere else. In the US, all or virtually all brokers have gone to the fiduciary standard.

I'm a large, long-time investor with accounts at three houses. I'm especially gratified that Vanguard has lead the way in prohibiting buys of especially dangerous derivatives such as 3X exchanged traded funds and flimsy inverse exchange traded notes described by some market pundits as Financial Weapons of Mass Destruction. I want my brokers to have the highest standards in all matters. Doesn't every brokerage client?

Brokers' work definition doesn't include -- and can't legally include -- placing your garbage casino bets. A fiduciary doesn't facilitate his clients' financial ruin.

______________________________________________________________
Because the Good Life is Just a Pump or Two Away

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.