>> Stockbrokers have a fiduciary duty to their clients. "Know your client" is a requirement for brokers.
I think the requirement is, "know how much money you can take from your client", CB. I'm sorry if that sounds cynical, but I've observed that the interests of the investment community and the individual investor are rarely synonymous, and when they do come into alignment, it's accidental.
Discussion groups like the Porch are wonderful sources of ideas, be it on stock picks, investing techniques, or <horrors> legal matters. It goes without saying that one must perform their own due diligence on these ideas, which I presume is your point, but if you are implying that there is no need for dd when one is dealing with a licensed stock broker, doctor, or attorney, I take strong exception. There is no comfort in the thought that there might be legal remedy if one of these professionals should lead me astray.
uf |
