Tag Archives: Brokers

Georgia Court Weakens Protocol Protection for Brokers

The Georgia Court of Appeals has held that the Protocol for Broker Recruiting (“the Protocol”) does not preclude Financial Advisors from informing their employers of their intentions to leave. Some firms have Notice of Termination provisions in their employment contracts, … Continue reading

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NASAA backs FINRA proposal to further restrict high risk brokers

By John M. Jascob, J.D., LL.M. NASAA has offered broad support for a series of FINRA rule amendments that would place further restrictions on member firms that employ brokers with histories of significant misconduct. NASAA noted that high risk brokers … Continue reading

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Verizon and AT&T will stop selling your phone’s location to data brokers

Ars Technica: “Verizon and AT&T have promised to stop selling their mobile customers’ location information to third-party data brokers following a security problem that leaked the real-time location of US cell phone users. Sen. Ron Wyden (D-Ore.) recently urged all … Continue reading

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Silver Law Group Files Claim Against Westpark Capital and Brokers Concerning the Horizon Select Technology Fund

Silver Law Group has filed a FINRA arbitration claim against Westpark Capital, Inc. (CRD# 39914) and its brokers, Adam D. Brown (CRD# 4506309) and John A. Orlando (CRD#  2002197) for recommending the private placement investment Horizon Select Technology Fund. The … Continue reading

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Wells Fargo to pay Brokers

According to InvestmentNews.com Wells Fargo Advisors will pay $9.5 million to settle a class action suit brought by 2,198 current and former brokers in California, who had charged that the firm failed to pay commissions in a timely manner.http://www.investmentnews.com/article/20180430/FREE/180439991/wells-fargo-to-pay-9-5-million-to-reps-in-compensation-dispute Read … Continue reading

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