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Finance: What is Bankruptcy?
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What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...

Finance: What is After Hours Trading?
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What is After Hours Trading/Extended Trading? After hours trading describes any trades made after the market closes or before the market opens. Bec...

Finance: What is the Dow Jones Industrial Average?
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What is the Dow Jones Industrial Average? The Dow Jones Industrial Average is usually just called the Dow. It’s an average of 30 of the most well...

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Finance: What is Hiding Written Complaints? 2 Views


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Description:

The act of hiding written complaints is...no bueno. An investment rep is legally obligated to pass on any such complaints to their employer.

Language:
English Language

Transcript

00:00

Finance a la shmoop what is hiding written complaints? all right remember

00:07

when you were a kid and your teacher sent home a note to your parents and not [Teacher gives boy a note]

00:12

a good one you knew you were in big-time trouble so you know why not just hide

00:17

the note what your parents don't see can't hurt you right? while hiding

00:21

written complaints on Wall Street is kind of like that if an investment rep

00:25

receives a written complaint from a client they are legally obligated to

00:30

pass it along to their employer and their boss who has to add it to the reps

00:36

[Submarine appears] U4 which is not a military submarine but a form that the rep has to

00:40

use when registering with the stay you know for their license hiding written

00:45

complaints is illegal and can get the rep in deep you know what and like in

00:50

the real world it gets a lot worse than being grounded and you know having your [Person picks up Xbox console]

00:54

xbox taken away for a week yeah good luck with that

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