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Reply #32: That may be because he prefers to only sell Mutual Funds or... [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

A HERETIC I AM

(1000+ posts) Send PM | Profile | Ignore

Sat Sep-13-08 08:20 PM
Response to Reply #13

32. That may be because he prefers to only sell Mutual Funds or...

he is not licensed to sell stocks.

If the broker in the local Edward Jones office has a Series 7 General Securities license then he is able to buy and sell everything except Commodities and Futures for you.

If he has a Series 7 and says he does not do individual stocks it's because he wants to sell you Mutual Funds, ETF's, Closed End Funds or Annuities.

If he says he doesn't sell stocks because he can't legally, then he has a Series 6, which limits him to Mutual Funds and Annuities.

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