FINRA Announces Sweeps on Sales Practicies

[Mr. Bill]

With respect to JMO, thanks for posting the link. Although this seems to apply to securities-licensed people, that is for now. FINRA wants it all, baby!

Here's the link:

FINRA - Press Room - News Release - 9/10/07

Those of us "good agents" have all heard the horror stories. Me, I witnessed one last week at a recruiting meeting. Seriously, how'd that woman pass her exam????

 

[James]

Some suggest a major exodus of those holding Securities License, many are going the IA or Insurance route. Last thing we need is FINRA or whatever they are calling themselves now, involved in Insurance.