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

Here's why you may not have even noticed just how badly your stockbroker is performing with your money.

Matt Koppenheffer
Matt Koppenheffer
Apr 20, 2014 at 1:33PM

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.