Legal

The Dangers of Nonrecourse Stock Loans…And Why You Should Never Undertake One.

Why an Institutionally Managed, SIPC/FINRA-Member Lending Facility Should Be Your Only Securities-based Credit Line Consideration  A nonrecourse, transfer-of-title securities-based stock loan means exactly what it says: You, the title holder (owner) of your stocks or other securities are required to transfer ownership of your securities to a third party before you receive your loan proceeds. The loan is “nonrecourse” so that you may, in theory, simply walk away from your loan

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Outside Fee Prohibitions to Safeguard Stock Loan Clients: The ABN Rules

Double Charging Clients Prohibition: Undisclosed Attempts to Charge Clients for A. B. Nicholas Services A. B. Nicholas takes a very strong stand on the issue of double charging clients, which is considered a major breach of the agent referral contract with A. B. Nicholas, on par with intentionally misrepresenting our programs. As of July 1, 2017, A. B. Nicholas adopted a full prohibition policy related to any compensation the client for

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