The purchases may either be a lump sum or by accumulating shares. It is an unethical practice that is in violation of NASD rules. The service continuously reports major news developments and financial information. A person who handles investors' orders to buy and sell securities. For this service a commission is usually charged.
Brokers specializing in stocks, bonds, options, or commodities act as an agent.
The rate is usually approximately a point above short-term interest rates such as the federal funds rate. Broker loans are callable on 24-hour notice. Princor Financial Services and Principal Life Insurance Company make no judgement or warranty with respect to the accuracy, timeliness or suitability of the content of any of the services herein provided. Reference to a fund or security included anywhere in this service is not a recommendation to buy, sell, or hold that or any other security. Past performance is not indicative of future results.