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Foreign exhange
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Protecting yourself from unscrupulous foreign exhange in the first place is foreign exhange. The following steps should help:. It should be pointed out that a broker's size cannot be used to determine the level of risk involved. While larger brokers grow by providing a certain standard of service, foreign exhange financial crisis taught us that a big or popular firm isn't always safe.
Brokers or planners who are paid commissions for buying and selling securities can sometimes succumb to the temptation to effect transactions simply for the purpose of generating a commission.
Foreign exhange who do this excessively can be found guilty of churning -a term coined by the Securities and Exchange Commission SEC that denotes when a broker places trades for a purpose other than to benefit the click to see more.
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