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Investors should not pay Interest on Stock Broker’s Margin Account-Forensic Accountant

Posted on March 8, 2009 by Fortune&Class

Not a few investors have come under the hammer of their stockbrokers after they were availed the opportunity of the now burdensome margin account facilities with all the overlays of a banking credit transaction. Now, a forensic accountant, Ori Adeyemo of Forensic Consulting, has taken issue against what he describes as the illegality of […]

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Filed under: BusinessNEWS | Tagged: bank charges, Bank Draft Fee and Miscellaneous Expenses, banking licence, Central Bank of Nigeria, clients' accounts, commercial bank, commission on turnover, commitment fee, cot, Default Penalty, Facility Fee, finance houses, financial regulations, forensic accountant, illegal fees, interest rates, investors, Legal Fee, Loan Interest, management fee, margin account, micro-finance banks, money lenders, Ori Adeyemo, Overdraft Interest, penalty charges, Processing Fee, specialized bank, stock broker, vetiva capital management | 1 Comment »

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