Whenever a major financial market crash occurs, why is it that (as shown in movies) the stockbrokers are shitfaced at the end? The investors should be fucked right? Why the stockbrokers, who just buy and sell for the investors?
In: Economics
Brokers can actually be liable when their client goes bankrupt.
Especially for shortselling they can end up on the hook when their client has no money to return the stock they borrowed for them.
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