Securities & Exchange Commission Warns Investors to be Wary of Unauthorized Trading In Stock Brokerage Accounts
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Rex Securities Law
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The SEC recently released an alert telling brokers and investment advisers to pay closer attention to unauthorized trading in customer accounts.
In the risk alert issued by the nation’s top securities watchdog, the SEC says firms
should watch for:
Changes in trading patterns
High volume of trade cancellations or corrections
Manual trade changes
Unexplained profits for a particular broker
Rogue trades
Trades that exceed risk tolerance for a …
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