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Isn't that normal? How strange would it be for me to tell my friends "this stock is going to skyrocket, buy some!" without owning any myself? Anything otherwise
by randyrand 8y ago
Isn't that normal? How strange would it be for me to tell my friends "this stock is going to skyrocket, buy some!" without owning any myself? Anything otherwise would come across as extremely disingenuous.
This is a non-issue.
- deleted 8y ago[deleted]
- Nasrudith 8y agoNo it isn't. Pump and dump is another well established scam for one. And an advisor who indirectly makes money from a recommendation is one in a really untrustworthy position which is way worse than one detached. The later may feel less of a need for confidence but the previous essentially gets rewarded for doing what they are regardless of if it is a good idea. Lack of skin in the game is a lesser evil than conflict of interest.