Another Broker Settlement Ordered – UBS
by Flexo on January 12, 2006
in Investing
UBS is the latest brokerage being charged for deceptive trading practices. The company agreed to pay a $54 million settlement, $18 million of which will go back to wronged customers.
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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.
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This reminds me of a book that came out several years ago called “Wealth Building,” by David Reich (I think). Anyway, he recommended using ONLY the big brokerage firms because of their honesty. Looks like that advice was wrong.