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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...
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...
What are Eastern and Western Accounts? The majority of new securities issues are distributed via syndication, where the underwriter of record runs...