Be wary of the brokerage firm manager who promises special treatment to make up for losses you have suffered at the hands of one of the firm's brokers.
Frequently, our clients who are victimized by unscrupulous brokers are further victimized by the benevolent "manager." We place the word in quotes because the person may not be a manager at all. Dishonest brokers often work in pairs, and when one has lost the customer's trust and confidence, the other comes in to further squeeze the customer financially. The "manager" will be sympathetic to the customer's plight, often agreeing that the first broker was young and perhaps too aggressive.
The customer will be told that the manager will make back the customer's losses by allocating to the customer the special opportunities that the firm saves for its best clients. The customer must only agree to send in some more money so that the "manager" will have something to "work with." Don't fall for this scam. If you send additional money, it will likely disappear in the same manner as the money you have already invested.
Print This Article
<<Return to Introduction
<<Previous Tip
>>Next tip
Site Navigation
Sadler & Hovdesven, P.C. Home
J. Pat Sadler | Eric Hovdesven
12 Ways to Protect Yourself
Directions | Contact Info | Disclaimer
This web site is best viewed using Internet
Explorer or Netscape Navigator versions 4.0 and above.
© 2007 Sadler & Hovdesven, P.C.
Read Our Legal Disclaimer
Web Design by Metro Girl
|