What You Don’t Know About Your Stockbroker Should Worry You

The Wall Street Journal recently reported that there is a strong correlation between the number of times a Wall Street stock broker failed the qualifying Series 63 exam, and the number of red flags on that individual's broker check record in terms of their performance. These red flags increased across the board, apart from in one very unsettling category.

In this segment from Tuesday's Where the Money Is, Motley Fool financial analyst Matt Koppenheffer takes a look at the performance of Wall Street stockbrokers compared to the number of attempts it took to pass this qualifying exam, and discusses why you might be completely unaware that your stockbroker is performing very poorly with your money.

The greatest thing Warren Buffett ever said
Warren Buffett has made billions through his investing and he wants you to be able to invest like him. Through the years, Buffett has offered up investing tips to shareholders of Berkshire Hathaway. Now you can tap into the best of Warren Buffett's wisdom in a new special report from The Motley Fool. Click here now for a free copy of this invaluable report.


Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2921433, ~/Articles/ArticleHandler.aspx, 10/2/2014 8:34:19 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement