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Exact(14)
Mr. Fertik says Reputation.com will never share or sell clients' information without their permission.
Brokers must also sell clients "suitable" products, but "suitable" is defined broadly.
All these companies want to sell clients more services, which have higher profit margins, he said.
Mike Berrow, a Web designer, meets vendors and prospective employees barefoot but wears shoes when trying to sell clients.
And at the end of each year, the sites offer to sell clients their records on a CD.
The suit said the Graysons and their firm "continued to sell clients participation interests in the loans at full value".
Similar(46)
Stoller, implacable, sold clients on the aura of inevitability.
At Mix in Houston, where 75percentt of the Proenza Schouler spring line has sold, "clients were endeared to the designers' stories," Evelyn Gorman, the store's owner, explained.
Customers fled; independence was lost.Contrast this, Mr Macey observes, to the experience of Goldman Sachs, which profited from the financial crisis by selling clients investments in its "Abacus" fund, a portfolio of mortgages designed to fail.
The trial of Mr. Stoker served as a referendum on a questionable practice that became common in the run-up to the housing market's collapse: selling clients complex securities tied to mortgages while simultaneously betting against those same securities.
(Ken Brown, her editor, denies that the story was held because it wasn't newsy; he says it was held to protect Cohn from being unfairly associated with news stories about Goldman having sold clients mortgages it thought were junk).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com