Introduction
For many years in the business, broker dealers have been held to a limited standard of recommending only products that meet suitability requirements of an investor. I'm not going to go into detail about the standards of brokers verses advisors and suitability versus fiduciary responsibility. I am, however, going to bring up a point that applies not just to investments and finance, but to virtually everything in life: Trust but verify!
How do you know what the broker is representing to you actually is what they say it is? Do you understand why the