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Finance: Managed Funds
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What Does it Mean to Churn an Account? While the occurrence now is much lower than in the past, brokers who were given limited trading discretion i...
What is a Coverdell Education Savings Account (CESA)/403c? College savings plans, such as the 529, operate similarly to IRAs in that they are allow...
What are Eastern and Western Accounts? The majority of new securities issues are distributed via syndication, where the underwriter of record runs...
An omnibus account is an investment account in which a collection of investors have invested their capital to own a pro rata share of that cooperat...