The reps are Merrill are no longer permitted to buy stocks under $5 or with market caps under $300m.
Below is my analysis. Prove me wrong.
Merrill Lynch bans low priced, low market cap stocks — because their reps are infants who only deserve to pound the phones all day long to hit their quotas. pic.twitter.com/TpoqrGQ9lX
— The_Real_Fly (@The_Real_Fly) September 28, 2018
People should not be dealing with micro caps all the time. They’re bad for your financial health. But having a ban on them is ridiculous and tantamount of infantile behavior, on behalf of the complianceFAGS at Merrill. Fact: complianceFAGS are salty AF and jealous of all reps because they make 10x what they take home. Fact: management only wants drones drilling the phones all day long to raise assets for advisory plans. Fact: if you work at Merrill, you’re an idiot.
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