A broker who owes a “fiduciary duty” to his client has a duty to act in the “best interests” of his customer at all times. He has a…
Read More
A direct participation program or DPP is a program that allows investors to participate in the cash flow and tax benefits of an underlying investment, such as oil…
Read More
A master limited partnership, which is sometimes referred to as a publicly traded partnership, is a limited partnership that is publicly traded on an exchange. It seeks to…
Read More
A variable annuity is a contract between you and an insurance company, under which the insurer agrees to make periodic payments to you, beginning either immediately or at…
Read More
A “consolidated report” is a document provided by a registered representative, such as a broker or investment adviser, to a customer that combines account information regarding most or all of a…
Read More
When a broker purchases or sells an investment without the client’s knowledge and permission, this constitutes unauthorized trading. Brokers generate commission by executing trades, and often a broker…
Read More
