Paul Tudor Jones: Brokerage Conflict

Posted by admin on Saturday, November 14, 2015

Paul Tudor Jones Money Quotation saying there would be a dramatic change in trading if market losses meant commensurate loss for brokers. Paul Tudor Jones said:

I got out of the brokerage business because I felt there was a gross conflict of interest: If you are charging a client commissions and he loses money, you aren’t penalized
— Paul Tudor Jones

Categories: finance Tagged:brokeragebusinesscomissionsinterestlosespaul tudor jones