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Money & Ethics: What to Do When Your Client Acts Erratically.
- Article from:
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Kiplinger's Personal Finance Magazine
- Article date:
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April 1, 2008
- Author:
- Kiplinger, Knight
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Copyright informationCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: KNIGHT KIPLINGER
WHAT TO DO WHEN YOUR CLIENT ACTS ERRATICALLY
Q: I am a stockbroker, and I have an elderly, wealthy client who has always managed his account pretty conservatively, with my help. But now I see signs of mental impairment--fuzzy thinking, forgetfulness, erratic behavior. He wants to trade more often and insists that I buy speculative stocks for him that he hears about from friends and on TV shows. What should I do?
I applaud your desire to do what's right for your client. Sadly, many older people deny that they are losing their mental or physical skills, and they insist on continuing to do things that have become hazardous to themselves and ...
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