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Solicited Vs. Unsolicited Business
Here’s the difference between solicited and unsolicited: solicited is when the broker makes an investment suggestion. Unsolicited is when the customer gets some wild-eyed idea and does it on his own.
Butch notes that BUBB was an unsolicited purchase anyway. Tiger’s former broker never recommended it (and was sure to mark it that way on the trade sheets). Butch would have done the same. In fact, Butch thinks IPOs are too spe...
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