OT to GVT,
You and I obviously come from opposite ends of the spectrum regarding our views of brokers, traders, market makers, specialists, etc.
I believe there's a high probability that the vast majority of them are frontrunning their customers.
e.g. Veronica Hirsch's comment on a CBC Businessworld interview after being caught with her hands in her unitholders money: "I didn't do anything wrong, every other fund manager does it too." [after using her fund's to give her a $250,000 pretax profit on some near worthless Oliver warrants which she unlawfully bought in a private placement then sold while her fund was buying at a much higher price.]
In my eyes, this is theft, fraud and she should have gone to jail.
I further believe that the vast majority of them are motivated much more by a self-serving, all consuming greed than any inkling of serving their clients well. This industry has got more than its share of scoundrels that abscond with unsuspecting, though trusting and naive clients funds.
And even you my friend. You obviously have much information. How often do you use it solely to better inform the readers of this thread? ... as opposed to twisting the info you have to attempt to cast doubts?
Nothing that you could say would ever cause me to trust that any broker is motivated to look out for my interest.
Now if you wanted to talk about greedy, self serving, pond scum, that's a different story. :-)
Ian.
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