Anyway, did you know that brokers are not supposed to give you any "investment advice" by law. But they still do so. How they bypass the law? They get their "relationship managers/executives" to call you from an unrecorded phone line (mostly their mobile phones) and then give you a "tip" and then ask you to call up their trader's line (which is a recoreded line) and place the order. So even if there is any enquiry there is no proof that your broker has given you any advice and you traded on his/her advice. They are such cunning (crooks I would say).
RE:Why people lose money in derivatives (contd...)
by xyz abcs on Aug 28, 2007 09:22 PM Permalink
i dont think theres anything crooked about it..cmon, the stock broker knows the market way better than most people do..i think it would make a lot more sense to be friendly with him and take his advice
