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Brokers Lie When Selling Muni Bonds: Edelman

Retail investors are frequently subjected to lies from brokers who sell muni bonds, says well known advisor Rick Edelman. So reports Financial Advisor.

Edelman, while speaking at a Securities and Exchange Commission forum, said brokers fail to disclose that competitors may offer more attractive terms, that consumer can negotiate higher yields, and may even tell customers that the value of a bond is guaranteed.

Read the full article from Financial Advisor here.

 

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