"All companies do this. As I said previously, no matter what the company offers - tax advice, mortgage services, a new car, a faster computer, or whatever it is they're selling: one of the basic, sector-agnostic tenets of marketing and advertising is to suggest that there is some natural, unqualified affinity between the interest and the prospective customer. Securities brokerage is no different."
And all of those companies can get their asses sued off for misrepresentation and found guilty of criminal behavior.
"Securities brokerage is no different" So true!!!!!! And you wonder why the investigations????
Stock Brokers are Stock Brokers, even if you call them analysts. It is in a dog's nature to steal food, for them it is not stealing. Now if the damn SEC and DA would just realize that these analysts were just following their natures and that therefore their unethical behavior was not criminal everything would be ok. Maybe the analysts should just claim the insanity defense.
LPS5, maybe the mantle of protector of analysts, Enron executives and accountants could be passed to you. Your essays on SI are always spot on and informative but defending analysts actions or believing them to be free of fraud is on the wrong side of the fence.
LPS5, no one expects you to ever see anything criminal in the behavior of the analysts. We all know it is beyond your nature to comprehend their activities to be the slightest bit unethical. After all you are in the securities business, correct?
I was looking in to getting licsensed as a CTA for I have just about maxed out the 15 people that I am allowed to trade for. I was told in order to pass the Series 7 test I would have to [while walking across a crowded intersection witness a little old lady drop a $100 bill, if I could push her over, grab the $100 bill and shout out "that biitch tried to steal my money" as OTHERS helped her up] I then would get my Series 7. I was told to become an analyst the test is 100 times more difficult/unethical.
BTW, isn't the analysts job to help the people NOT shaft themselves?
Stock Broker logic: "they were going to lose their money anyway"
Good Stock Broker: a guy who can generate $5000 in commissions out of a guy who opens a $5000 account before the guy loses all his money listening to analysts.
John M |
