C crgarcia May 3, 2007 #1 Is it true that discount brokers, -since they don't provide any investment advice, and don't invest their own money-; are much less prone to going broke, when compared to prime brokers? So another LTCM-like failure will not hurt them?
Is it true that discount brokers, -since they don't provide any investment advice, and don't invest their own money-; are much less prone to going broke, when compared to prime brokers? So another LTCM-like failure will not hurt them?
A acerbits May 3, 2007 #2 the chances of a big prime broker like Goldman, Bear Stearns, Merrill, Morgan Stanley, going broke is slim to none.
the chances of a big prime broker like Goldman, Bear Stearns, Merrill, Morgan Stanley, going broke is slim to none.
