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Another Chink in the Wall: SEC Grants Self-Dealing Exemption to Goldman Funds
If you hired an adviser to make investment decisions for you, would you want him to buy securities for you out of his own account?
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Probably not. You couldn't always be sure you had gotten the best possible price. And you also wouldn't know whether the advisor recommend a security because it was a good investment or because he wanted to unload it from his account. ...
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