How to Select a Good Stockbroker – At a Glance.
Securities Arbitration's Useful Tool Can Help Main Streeters Avoid Being Burned By Wall Street.
Los Angeles, CA, October 18, 2005 --(PR.com)-- For 17 consecutive years nationwide, Securities Arbitration Group (which sponsors the free, national, non-govt. Securities Arbitration Hotline @ 1-800-222-4724) has been fighting Wall Street for Main Street. Effectively utilizing the existing non-court arbitration and mediation processes, we have recovered virtually millions of dollars for Main Streeters from all walks of life – ALL.
From a rural tenant farmer in Tennessee to a retired, wealthy lawyer from Beverly Hills – and all types in-between – our expertise in securities arbitration is a given; what stands out is our commitment, dedication, and real-world application, setting us apart from the “here is the next file” type of mentality that is reflected in so much of the Main Street-Wall Street battles. No two investors are alike, ergo no two cases of investment misconduct can possibly be alike.
“LET US BE CLEAR,” says Securities Arbitration’s Paul N. Young, “the tension between Wall Street and Main Street is not less than existed during the partnership scandals of the early 90s and the equally devastating dot-com disasters of this decade. And a ‘sideways” market just hides the misconduct; keeping it bubbling under the surface … for the moment.”
Celebrating our 17th year this month, Securities Arbitration offers, as we do each year at this time, our exclusive “How to Select a Good Stockbroker – At a Glance” ten point program to the media for distribution. This copyrighted, educational tool was designed by the Securities Arbitration Hotline to provide individual investors a set of questions and cross-checks so that they do NOT have occasion to be part of that large group of embarrassed burned investors.
With attribution to Paul N. Young and the national Securities Arbitration Hotline @ 1-800-222-4724 the only requirements necessary for publication or broadcast, the ten point program is as vital today as it was when first created in 1990:
How to Select a Good Stockbroker – At a Glance
1. Ask your friends and business associates for the names of brokers and firms they use with success.
2. Interview prospective brokers and firms. Do not be tempted to go with the first broker you interview. Remember, the broker will be working for you and you will be paying the broker for services.
3. Check out the broker and the firm. How long has the firm been in business? What is the background of the broker? How about complaints against the firm and broker? Ask these questions and also get the official report on the broker and the firm at www.nasd.com - for free, or from your state securities office.
4. Interview the broker’s branch manager. Ask him or her the same questions you’ve asked the broker. If the manager is “too busy” to speak with you, go someplace else. If the manager is busy now, what would happen if you had a complaint later?
5. References are important. Ask the broker for the names of 12 current clients. Call them all. Ask a lot of questions. Good brokers will provide references on your promise not to ask references the particulars of their own finances.
6. Broker product knowledge is critical. Does the broker want to sell you one certain type of product or will the broker propose, in writing, a comprehensive strategy tailored to your specific needs, now and in the future? How about a 3, 5, 10 year PLAN OF ACTION.
7. Commissions count. You are entitled to know, before you invest in anything, the total fees and commissions you will be paying. Ask!
8. Contact your broker regularly. At least once every two weeks by phone, in-person once a month, if possible. Do a “status” check on your account often, particularly when a major change in your life circumstances takes place. Don’t delay in informing the broker of a job loss, a family illness, or other significant alteration of your situation. Life is not static.
9. Statements can be difficult to read. Go over your statement each month. If you do not understand it, call the broker. If you still don’t understand it or you see something that appears out of line, call the branch manager.
10. Take responsibility for your money. Be involved in all phases of your investments. Keep informed. Make investment changes as the changing world and your life circumstances warrant.
© 1990, 2005 by Paul N. Young. Reprinted with permission of Securities Arbitration Hotline (1-800-222-4724).
When a Main Street investor is cheated or abused by Wall Street, there is help and a great opportunity for recovery of some, all, more than all of one’s losses through broker and/or firm misconduct using securities arbitration. The Securities Arbitration Hotline is free and toll free at 1-800-222-4724.
SECURITIES ARBITRATION HOTLINE
(1-800-222-4724)
For Interview Requests: Caren Gellman
Telephone: (310) 551-0255
Write to: FraudFight@aol.com
###
From a rural tenant farmer in Tennessee to a retired, wealthy lawyer from Beverly Hills – and all types in-between – our expertise in securities arbitration is a given; what stands out is our commitment, dedication, and real-world application, setting us apart from the “here is the next file” type of mentality that is reflected in so much of the Main Street-Wall Street battles. No two investors are alike, ergo no two cases of investment misconduct can possibly be alike.
“LET US BE CLEAR,” says Securities Arbitration’s Paul N. Young, “the tension between Wall Street and Main Street is not less than existed during the partnership scandals of the early 90s and the equally devastating dot-com disasters of this decade. And a ‘sideways” market just hides the misconduct; keeping it bubbling under the surface … for the moment.”
Celebrating our 17th year this month, Securities Arbitration offers, as we do each year at this time, our exclusive “How to Select a Good Stockbroker – At a Glance” ten point program to the media for distribution. This copyrighted, educational tool was designed by the Securities Arbitration Hotline to provide individual investors a set of questions and cross-checks so that they do NOT have occasion to be part of that large group of embarrassed burned investors.
With attribution to Paul N. Young and the national Securities Arbitration Hotline @ 1-800-222-4724 the only requirements necessary for publication or broadcast, the ten point program is as vital today as it was when first created in 1990:
How to Select a Good Stockbroker – At a Glance
1. Ask your friends and business associates for the names of brokers and firms they use with success.
2. Interview prospective brokers and firms. Do not be tempted to go with the first broker you interview. Remember, the broker will be working for you and you will be paying the broker for services.
3. Check out the broker and the firm. How long has the firm been in business? What is the background of the broker? How about complaints against the firm and broker? Ask these questions and also get the official report on the broker and the firm at www.nasd.com - for free, or from your state securities office.
4. Interview the broker’s branch manager. Ask him or her the same questions you’ve asked the broker. If the manager is “too busy” to speak with you, go someplace else. If the manager is busy now, what would happen if you had a complaint later?
5. References are important. Ask the broker for the names of 12 current clients. Call them all. Ask a lot of questions. Good brokers will provide references on your promise not to ask references the particulars of their own finances.
6. Broker product knowledge is critical. Does the broker want to sell you one certain type of product or will the broker propose, in writing, a comprehensive strategy tailored to your specific needs, now and in the future? How about a 3, 5, 10 year PLAN OF ACTION.
7. Commissions count. You are entitled to know, before you invest in anything, the total fees and commissions you will be paying. Ask!
8. Contact your broker regularly. At least once every two weeks by phone, in-person once a month, if possible. Do a “status” check on your account often, particularly when a major change in your life circumstances takes place. Don’t delay in informing the broker of a job loss, a family illness, or other significant alteration of your situation. Life is not static.
9. Statements can be difficult to read. Go over your statement each month. If you do not understand it, call the broker. If you still don’t understand it or you see something that appears out of line, call the branch manager.
10. Take responsibility for your money. Be involved in all phases of your investments. Keep informed. Make investment changes as the changing world and your life circumstances warrant.
© 1990, 2005 by Paul N. Young. Reprinted with permission of Securities Arbitration Hotline (1-800-222-4724).
When a Main Street investor is cheated or abused by Wall Street, there is help and a great opportunity for recovery of some, all, more than all of one’s losses through broker and/or firm misconduct using securities arbitration. The Securities Arbitration Hotline is free and toll free at 1-800-222-4724.
SECURITIES ARBITRATION HOTLINE
(1-800-222-4724)
For Interview Requests: Caren Gellman
Telephone: (310) 551-0255
Write to: FraudFight@aol.com
###
Contact
Securities Arbitration Hotline
Caren Gellman
1-800-222-4724
Caren Gellman
1-800-222-4724
Contact