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Ethical Investment

The Ethical Investor: Wall Street Ripoff #11 - Cheating You on Bid/Ask Spreads

John R. Talbott | Posted 01.16.2013 | Money
John R. Talbott

People think stockbrokers are their friends or their golf buddies, but the stockbroker's job is to maximize the amount of assets under management and to always know on every order whether you are a buyer or a seller so they can pass this critical information on to their market makers.