Times staff writer Bill Sing has given us a fine list of tips for protecting investments ("How to Protect Yourself and Your Investments," Dec. 13). But among the tips, he quoted a lawyer who said if you have a problem with a broker, "consider discussing your problem with another broker. Competing brokers often will be happy to advise you, with the hope of getting your business."
Sure they will. However, what you are likely to get from another broker is smooth selling, not objective advice. Caveat emptor is still the best protection.
Rancho Palos Verdes