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April 7, 2015

Small investors blame losses on brokers they once trusted

NEW YORK (AP) — Susan Bernardo trusted her stockbroker. She wound up losing a fortune.
Her broker, David Harris, advised her to sell $400,000 worth of relatively safe municipal bonds, she says, and sink the proceeds into real estate and energy partnerships in hopes of earning more income. She had received the cash from a settlement after her husband died in an accident and needed money to raise her small son.
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Read the full Associated Press article by Bernard Condon here.
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