Edward Jones. Opportunity or no?

Mar 5, 2019

  1. VolAgent
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    VolAgent Guru

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    How what is what way? Everything I outlined is what any broker-dealer can do to any registered rep. Golfnut expanded on it, although there is one area he was incorrect on.

    A B/D can require you hold all investment accounts with them. My last one was just like that, I was required to move all accounts to them. Now, not all do, some merely require you product statements at audits and may ask for them periodically between audits, but they can require you move all accounts to them.

    Also, a B/D has to approve all OBJs, and while many will be approved without question, some will not be. Also, when new you can expect to be much more restricted in what you are allowed to do business wise that does not benefit the B/D.
     
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