Fraud is the big gasp of securities violations, but there are plenty of lesser violations that have nothing to do with fraud, but that can still torch an investment rep's career.
One big one? Giving investment recommendations to a client that make no freakin' sense. It could get a license suspended, denied, or even revoked.
Think about Myron's portfolio for Bubbie.
Is there a logical defense to something comprised almost entirely of high beta, high p/e, volatile stocks? Eh...not...
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