To directly address "Watching Out's" question as to whose fault is the misunderstanding of brokers' duties to their clients, to my mind the principle of caveat emptor
went out the window for brokers and their broker-dealers when they starting using the moniker "advisor" rather than "adviser" to evade the '40 Act standard, and later "trusted advisor," to make it sound as if they were, indeed, fiduciaries for their clients.
Consumer rights were summed up in one Latin phrase, caveat emptor
The final two means of slave transfer listed in table 1 are commercial auctions involving sales with warranty and those involving caveat emptor
Because of this, the courts have developed the legal doctrine known as caveat emptor
or, translated, let the buyer beware.
Purchasing property is thus subject to caveat emptor
It would be prudent to apply the ancient doctrine of caveat emptor
(let the buyer beware).
Most people are familiar with the Latin phrase, Caveat emptor
, "Let the buyer beware.
, or let the buyer beware, might apply.
Even with all of the truly good, useful information available on strength/conditioning, nutrition, and any of a host of other fitness topics, the training landscape maintains its caveat emptor
(buyer beware) status.
EBay shopping can be fun but it is as well to bear in mind the old legal advice of caveat emptor
- buyer beware.
We shouldn't forget the principle of caveat emptor
- buyer beware - applies to housing just like everything else
From a situation where normal market rules of caveat emptor
(let the buyer beware) applied, we have moved to "caveat venditor", where unwary or unprepared suppliers will find themselves without clients.
From the former regulator we are told, "Let caveat emptor
The failure to heed the caveat emptor
warning that applies to all models was compounded by the reduction of predictive accuracy that comes during periods of economic distress.
Whether that scene illustrates the old rule of caveat emptor
is certainly open for a difference of opinion.