Quote:
Originally Posted by CDSmith
Otherwise stock brokers would be getting sued left and right all the time. No one would dare utter any investment advice ever for fear of your lawsuit theory.
|
I used to be a stockbroker and worked at one of the large canadian firms - and stockbrokers do get sued left right and centre.
There is more continuing education requirements related to legal issues / ethics than any other component in being a broker. It's not so bad in a bull market, but back in 2000 /2001 (when i was working) almost every single broker had pending litigation - either personally or through the branch / firm.