The Massachusetts Securities Division confirmed that it sent letters of inquiry to the three largest discount brokers by assets, Fidelity Investments, Charles Schwab Corp. and TD Ameritrade Holding Corp., in response to the sales practices profiled in an article The Wall Street Journal published Wednesday.
Such a letter is notice that the division has begun an investigation….
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This article was originally published on The Wall Street Journal.
Further reading
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Devil’s Financial Dictionary
Benjamin Graham, The Intelligent Investor