A Tier 1 firm in stock trading is generally a top firm with decent market share and reputation. Sometimes market information is put forth, and the trading firm wants to conceal its identity for legal reasons. Later, reporters for mainstream financial media groups like the Wall Street Journal, Forbes, Bloomberg, CNBC, and Fox Business, will follow up with research actually disclosing the name of the Tier 1 firm once the information is cleared by their legal departments. Catalyst stock traders usually want the information as soon as possible before proper vetting and legal research is done. This makes it hard if not impossible to verify the authenticity of Tier 1 source information. For this reason, be very careful trading Tier 1 firm information as it often falls under the classification of rumors.

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