An individual investor should look for a stock broker who will churn their accounts for them.

Question

Quizplus · Accepted Answer

An individual investor should not look for a stock broker who churns their accounts for them as this involves frequent buying and selling of securities, resulting in high transaction costs and potentially detrimental tax consequences. Instead, they should look for a broker who prioritizes their long-term investment goals and works with them to make informed decisions based on their risk tolerance and financial objectives.

An Individual Investor Should Look for a Stock Broker Who