Replies to post #82 on Brokers that allow Caveat Emptor OTC stocks

[bar1080]

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.