STOCK BROKERAGE
Posted Mar 2, 2011 by anonymous | 115 views | 0 comments
WHY ARE STOCK BROKERS ALLOWED TO PUT YOUR CASH IN A LOW INTEREST PAYING SO CALLED 'SWEEP' ACCOUNT WITHOUT YOUR APPROVAL. THE BANKS THEY ARE USING ARE CONTROLLED BY THEM OR THEIR SUBSIDIARIES AND PAY ABOUT HALF OR LESS THAN RATES HELD IN MONEY MARKET ACCOUNTS. UNLESS YOUR ACCOUNT IS 999,000.OO OR MORE THEY WILL BE DOING THIS STARTING IN A FEW MONTHS. THIS DOES NOT SEEM RIGHT TO ME AND IS DEFINITELY A BRAZEN RIP-OFF.
No comments yet. Be first!