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Is your broker stealing your profit? |
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As reported in The New York Times:
"The US Securities and Exchange Commission is investigating a dozen brokerage firms, including Morgan Stanley, Merrill Lynch, Ameritrade, Charles Schwab and ETrade Financial, on suspicion they failed to secure the best available price for stocks for their customers.
...the inquiry found evidence that trades were often processed in ways that favored the firms over their clients."
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Have you ever wondered how online brokers can afford to offer $8 trades? |
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It's simple.
Brokers don't expect to make money on the trade commission. They know the real money is made off the trade, itself!
FACT: A 2004 SEC investigation found that brokers often act in their own self-interests when placing trades for their clients.
By the time your broker and his cronies are finished nibbling away at your trade, that $8 execution could cost you hundreds of dollars in lost profits! |
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