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He's also remarkably good at steering clients to fish.
This abstraction allows building steering clients independently of a given simulation.
Federal law prohibits agents from steering clients to a particular mortgage company or lender, and from accepting payment for referrals.
Before many on Wall Street caught on to the frauds at Enron, Tyco and WorldCom, Guggenheim was steering clients away.
The first step must be to outlaw the kickbacks that lenders pay brokers for steering clients into costlier loans.
The crackdown is casting a spotlight on the network of lawyers, accountants and advisers who help underpin the Swiss private banking industry by steering clients to such banks.
Similar(36)
The trustee seeking money for victims of Bernard L. Madoff is trying to block a $410 million settlement resolving New York's claims against a Wall Street hedge fund manager accused of secretly steering client money to Mr. Madoff's Ponzi scheme.
The trustee seeking money for victims of Bernard L. Madoff's multibillion-dollar Ponzi scheme was barred on Monday from blocking a $410 million settlement resolving New York State's claims against a hedge fund manager, J. Ezra Merkin, who was accused of secretly steering client money to Mr. Madoff.
BLOOMBERG NEWS Trustee for Madoff Victims Challenges Settlement | Irving H. Picard, the trustee seeking money for victims of Bernard L. Madoff, asked the Federal Bankruptcy Court in Manhattan on Wednesday to block New York State's settlement with a hedge fund manager accused of steering client money to the Ponzi scheme, Reuters reports.
Some financial advisory firms receive a portion of fees for steering their clients to certain money management funds.
Too many brokers were far more interested in earning fat fees for steering their clients to ruinously priced loans that the borrowers could never hope to repay.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com