How do you protect yourself from a stock broker
- A nobodyLv 71 month ago
Like any other business - if you don't trust the people you deal with - don't deal with them. If you know what you're doing, you'd have protection/
- tiescoreLv 51 month ago
Interview multiple ones and go with the one or two that you trust.
- zman492Lv 71 month ago
Do not give your broker the authority to make trades in your account.
- MikeLv 71 month ago
You can't. Some lawmakers wanted to put brokers in the category of fiduciaries. Lawyers and accountants are fiduciaries. They are obliged to put their clients' interests first. Brokers fought the proposed change and it was dropped.
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- exactdukeLv 71 month ago
You don't need a broker. Almost everyone opens their own brokerage account & buys their own stocks & mutual funds.