(April 4th, 2012) Buying a bond is not like buying a stock so who you deal with when buying bonds can have a large influence on the price you receive on your trades, and therefore your costs. As a recent report on municipal bond execution shows, investors buying municipal bonds should be especially careful.
Which bond brokers should you avoid?
Which bond brokers have been embroiled in scams, fined by regulators (SEC/FINRA) or received lots of complaints? The Bond Broker Wall of Shame is designed to answer those questions.
At this point, we are adding brokers on a first come, first serve basis so the order is based on that, and not the severity of their immoral or illegal actions. If you have a complaint and believe you’ve been scammed, you can certainly send it to us and we will consider posting it. We are not regulator or lawyer and are therefore not in a position to rectify the situation through legal or administrative means. That said, you will be serving the greater good and potentially protecting other investors from being ripped off.
The Bond Broker Wall of Shame
David Lerner Associates
David Lerner Associates was fined by a FINRA panel $2.3 Million for selling municipal bonds and collateralized mortgage obligations at “unfairly high prices.” Unfortunately, many brokers charge retail investors on average 2% more than institutional clients. However, it appears that the mark-up on bonds charged by David Lerner associates were even higher than industry standards. This is not the first time that David Lerner Associates have ended up in the limelight. The sales and marketing practices of David Lerner Associates with regards to selling REITS have received regulatory scrutiny.
Trusted & Regulated Stock & CFD Brokers
What we like
- 0% Fees on Stocks
- 5000+ Stocks, ETFs and other Markets
- Accepts Paypal Deposits
Min Deposit
$200
Charge per Trade
Zero Commission on real stocks
64 traders signed up today
Visit Now67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Available Assets
- Total Number of Stocks & Shares5000+
- US Stocks
- German Stocks
- UK Stocks
- European
- ETF Stocks
- IPO
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 Zero Commission
- NASDAQ Zero Commission
- DAX Zero Commission
- Facebook Zero Commission
- Alphabet Zero Commission
- Tesla Zero Commission
- Apple Zero Commission
- Microsoft Zero Commission
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account
- Paypall
- Skrill
- Neteller
What we like
- Sign up today and get $5 free
- Fractals Available
- Paypal Available
Min Deposit
$0
Charge per Trade
$1 to $9 PCM
Visit Now
Investing in financial markets carries risk, you have the potential to lose your total investment.
Available Assets
- Total Number of Shares999
- US Stocks
- German Stocks
- UK Stocks
- European Stocks
- EFTs
- IPOs
- Funds
- Bonds
- Options
- Futures
- CFDs
- Crypto
Charge per Trade
- FTSE 100 $1 - $9 per month
- NASDAQ $1 - $9 per month
- DAX $1 - $9 per month
- Facebook $1 - $9 per month
- Alphabet $1 - $9 per month
- Telsa $1 - $9 per month
- Apple $1 - $9 per month
- Microsoft $1 - $9 per month
Deposit Method
- Wire Transfer
- Credit Cards
- Bank Account