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Prudent Person Rule

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Prudent Person Rule
A legal maxim that restricts the discretion in a client's account to investments only in those securities that a prudent person seeking reasonable income and preservation of capital might buy for his or her own investment.

Also called the Prudent Man Rule.
    
This rule is intended to protect investors using the services of an investment advisor from shady, risky, or otherwise poor investments, such as penny stocks.
Posted by  Institute for International Research, marcus evans limited , Opal Financial Group, Information Management Network LLC.
 
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