Brokerage quotes:

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  • Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds -- Michael Steinhardt
  • Brokerage firms and their executives cannot use threats regarding research activities as a way to obtain investment banking business. The threat to drop research coverage if Piper were not selected as the lead underwriter for a secondary offering was totally inappropriate and undermines the integrity of the market. -- Mary Schapiro
  • In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms. -- Ron Chernow
  • The CIA is made up of boys whose families sent them to Princeton but wouldn't let them into the family brokerage business. -- Lyndon B. Johnson
  • Advertising is a racket, like the movies and the brokerage business. You cannot be honest without admitting that its constructive contribution to humanity is exactly minus zero. -- F. Scott Fitzgerald
  • We don't have sales trading, brokerage, capital lending - any of those kinds of things that got some of the Wall Street firms a little bit in trouble. -- Frank Quattrone
  • One way to make sure you don't lose assets in the future is to streamline your accounts. Consider using one bank for all your banking needs and one brokerage firm for all your investments. -- Jean Chatzky
  • There are no absolutes in this world, and there will always be mistakes that are made within brokerage firms; there will always be people who set out to deceive the regulators and even deceive their own senior management. -- Mary Schapiro
  • Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker. -- Ron Chernow
  • The lower spreads mean lower costs for investors, because Nasdaq investors generally do not trade directly with one another. Instead, they usually buy and sell from market-makers, brokerage firms that flip shares between buyers and sellers and keep the spread for themselves. -- Alex Berenson
  • At nineteen I was pretty sure I was going to be a professional soccer player. At that time I played for one of the Norwegian premier leagues. But I tore ligaments in both knees, so I started studying business administration and economics and became a financial analyst, and I worked at a brokerage firm as a stockbroker. -- Jo Nesbo
  • The growth stock theory of investing requires patience, but is less stressful than trading, generally has less risk, and reduces brokerage commissions and income taxes. -- Thomas Rowe Price, Jr.
  • It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management. -- Peter Schiff
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