(Reuters) - The brokers also improperly altered the "profiles" of
client accounts to reflect more aggressive risk tolerances, the
regulators said. Among the victims was a 67-year-old woman with
a $37,500 annual income, who lost $52,500 despite maintaining a
"moderate" risk tolerance, the regulators said.
Short selling is the sale of borrowed shares with the hope
that they can be repurchased at lower prices. It is risky
because it can expose investors to big losses if the shares
rise.
Read more at Reuters.com Government Filings News
client accounts to reflect more aggressive risk tolerances, the
regulators said. Among the victims was a 67-year-old woman with
a $37,500 annual income, who lost $52,500 despite maintaining a
"moderate" risk tolerance, the regulators said.
Short selling is the sale of borrowed shares with the hope
that they can be repurchased at lower prices. It is risky
because it can expose investors to big losses if the shares
rise.
Read more at Reuters.com Government Filings News
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