Advisors may also sell clients smaller denomination bonds without explaining to them how difficult it may be to sell the securities in the future.
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Failing to disclose conflict of interests when recommending investment products, encouraging clients to use home equity loans to buy annuities, and giving bad tax advice are just a few of the scary tricks that some advisors subject unsuspecting clients to. So reports Forbes.
Advisors may also sell clients smaller denomination bonds without explaining to them how difficult it may be to sell the securities in the future.