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Brokers don't have a fiduciary interest, unlike Asset Managers. So, no. They have no obligation to halt trades, usually they make money on volume of trades and
by moistrobot 6y ago
Brokers don't have a fiduciary interest, unlike Asset Managers.
So, no. They have no obligation to halt trades, usually they make money on volume of trades and would encourage people to trade more.
https://www.forbes.com/sites/forbesfinancecouncil/2020/06/17/know-the-differences-between-brokers-and-advisers-suitability-vs-fiduciary-standards/?sh=390362be25b5 https://www.forbes.com/sites/forbesfinancecouncil/2020/06/17...
- beagle3 6y agoDo they have the legal privilege to do it? I suspect not, because if they did, they would be able to kill a company by not let anyone buy its share.