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In this session of Investors Watchdog University, Kelly Kesner and Pat Huddleston discuss investor rights. Pat emphasizes that investors often believe they have no rights due to the risks associated with investing. However, he clarifies that investors do have rights and should expect fairness and good faith from the securities industry. This includes the right to know all material facts related to their investments. Pat mentions that many rights are frequently violated, particularly in churning cases, which will be explored in further detail in subsequent sessions. The discussion aims to educate investors about their entitlements and the standards of care they should anticipate.