CAI-NJ JulyPROOFUpdate.pdf

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42 J U L Y , 2 0 1 7
WE’VE GOT YOU COVERED!
SPECIALIZING IN CONDOMINIUM AND TOWN HOME COMMUNITIES...
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NJ LIC. #
13VH02643700
what the broker represented the fees
would be. Investors should not hesitate
to request clarification of any charges
or fees that may seem inaccurate,
unfair or unreasonable.
Investors should also understand
that many small firms utilize the ser-
vices of a clearing or custodial firm
to hold clients’ funds and securities
and to issue the account statements
as most clearing firms are larger and
have greater financial resources than
small brokerage firms. In cases where
a smaller brokerage firm utilizes a
clearing firm, the account statements
will disclose the names of both firms,
i.e. the introducing brokerage and the
clearing firm. If an investor receives a
statement from a firm whose name is
BROKERAGE ACCOUNT...
from page 32.