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Sharing in Client Accounts

Sharing in Client Accounts

“Moving on, people. Who can tell me why sharing in a client’s profits/losses is considered an unethical practice by securities regulators?”

“Fiduciary obligations?” A kid who looked like he was still in high school finally found the nerve to speak up.

“And what about them?” She hovered, the whip dangling from one hand. “Investment firms have a fiduciary obligation to recommend suitable investments for a client’s account, not share in the results of those recommendations. If an invest...

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