David Becker Quotes
I think it's a major step forward, I don't think it signals any retreat from vigorous enforcement.
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Major | Step | Signals | Retreat | Vigorous |
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You worry about small investors getting involved through the back door in investments that aren't suitable for them because they're too risky or the fees are too high. NASD requires brokers to have a reasonable basis for recommending an investment, as a counterforce to the overwhelming economic incentives for salesmen to sell.
- David Becker
