RE: RE: New Jennings Report on MRP - Dec6amen
Jennings brokers are free to trade as they want, just like Canaccord brokers etc. They are under no pressure to follow any of the research their company puts out because they are 100% businessmen who need to bring in commissions to feed their hungry families. Jennings does not care what the brokers sell, as long as they keep the commissions coming in for splitting. Besides the client makes the decision to sell, not the broker, lol.
I had a broker who switched to 3 brokerages over the years and she never read any of the research or followed any of her brokerage's picks. She had her own niche of companies from which she tried to do financings.
You guys who follow trading houses and dreaming up scenarios from that are wasting your time. Some of you are intelligent but don't know the above facts of life in the brokerage business, but on this baordmost posters are too stupid to understand that the client decides whether or not to sell, and any person on this planet can have an account with Jennings.
I had one with HSBC a few years ago, so anyone can get one, but an idiot on this board a few days ago was wondering what was up with HSBC trading a large volume. ANYONE can get an account and ANYONE can decide to buy or sell so trading houses are meaningless.