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Ethics/Morals Videos 193 videos

Finance: What is Selling Away?
8 Views

Selling away is the practice of selling securities that aren't under the seller's auspices to sell.

Finance: What is maturity?
1 Views

Maturity is, quite simply, the date when a debt becomes due. As for our maturity, well... we're still giggling about the word "due."

Finance: How Are Risks and Rewards Related?
589 Views

How are risk and reward related? Take more risk, expect more reward. A lottery ticket might be worth a billion dollars, but if the odds are one in...

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Finance: What is Hiding Written Complaints? 2 Views


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Description:

The act of hiding written complaints is...no bueno. An investment rep is legally obligated to pass on any such complaints to their employer.

Language:
English Language

Transcript

00:00

Finance a la shmoop what is hiding written complaints? all right remember

00:07

when you were a kid and your teacher sent home a note to your parents and not [Teacher gives boy a note]

00:12

a good one you knew you were in big-time trouble so you know why not just hide

00:17

the note what your parents don't see can't hurt you right? while hiding

00:21

written complaints on Wall Street is kind of like that if an investment rep

00:25

receives a written complaint from a client they are legally obligated to

00:30

pass it along to their employer and their boss who has to add it to the reps

00:36

[Submarine appears] U4 which is not a military submarine but a form that the rep has to

00:40

use when registering with the stay you know for their license hiding written

00:45

complaints is illegal and can get the rep in deep you know what and like in

00:50

the real world it gets a lot worse than being grounded and you know having your [Person picks up Xbox console]

00:54

xbox taken away for a week yeah good luck with that

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