Editors of Furtune. Fortune's Guide to Personal Investing. New York: McGraw-Hill, 1962-1963
Copyright 1962,1963
By the Editors of Fortune
Mcgraw-Hill Book Company, Inc.
New York, Toronto, and London
Brokers
Not all Stock Brokers are good, some are bad. Even though it's illegal for stock brokers to advertise that they can make trades faster, some Brokers can. Because some Stock Brokers are so big they can have more representatives on the Floor at the Stock Exchange giving them a better chance to get the stocks faster, or get rid of the stocks faster. So when looking for a stock Broker you usually don't want to go with a new smaller firm. It's generally best to go with a bigger Broker.
" The number of men afirm as on the floor does matter to the customers, and sometimes it matters a lot- e.g. When a sudden new development inspires investors all over the US to ask their brokers to buy a stock, the first orders executed might be at a lower price than the later orders."
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