mister mac
Registered User
- Messages
- 52
The firm that I work with provides advice with the execution only service .............
.. who do you think ever said that we can't do that?
Yes, they sign an execution only form, they can still ask questions and get answers though.
And what about the case where you have a problem with your car - and take it to a mechanic to fix it...if the mechanic also gives basic advice for example "I think you are being too heavy on the clutch" or "your tyres may need changing", is that advice not useful simply because it was not paid for?
Come on man, this is the real world!
But - as I said above - it is significant that the client signs a disclaimer in the execution only case which means (as far as I know) that they have no comeback if they feel that any advice/information given was wrong/inappropriate. This is quite relevant in this context. I hope that I am not going to be accused of being anti-consumer too. For the record I deal with an execution only broker who dispenses such "unofficial" information/advice and am quite happy with this arrangement. But people need to be clear on where their rights and the responsibilities of the intermediary lie.
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