Is there more bad news for the few remaining wirehouses of Wall Street? I refer you to a very thought provoking piece in InvestmentNews by Evan Cooper. It’s worth the read: Wirehouse Walls Set to Come Tumbling Down?
Defecting Financial Advisors Beware
November 12, 2009 By Leave a Comment
Those wirehouse firms where defecting financial advisors have been fleeing from are coming after you…and FINRA is backing them! Over the past year, firms have been aggressively trying to collect departing advisors’ “loans” – you know, that upfront cash they recruited you with based on your trailing 12 month production. (There was that fine print [...]
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