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Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
Broker Tried Juggling 4 Jobs at One Time
[Photo: Juggling / r3bsolutions]
by Howard Haykin
Take, for example, a broker who worked for Thrivent Investment Management in its Scottsdale, AZ, branch office. She was actively engaged in 3 outside business activities when she joined Thrivent in January 2016. To matters worse, she never told the firm or otherwise sought its approval for any of these activities – until more than a year later. And all along she was receiving compensation for each activity, which included, the following:
- As principal and owner of a company, she provided bookkeeping and accounting services to small businesses and individuals.
- As office manager for a veterinary practice and animal hospital, she provided bookkeeping, accounting, real estate management and/or personal management services to the hospital, its owner and related entities.
- As a director and treasurer for the veterinary practice, she provided executive services.
- As trustee for the estate of the animal hospital's owner, she facilitated completion of estate documents, including a will and trust document.
CUSTOMER TAKE-AWAYS. If you feel ignored or are not getting adequate service, speak up. First to the broker, and then to firm management. If that doesn't help, move your account to a brokerage firm that respects your business – however large or small. And, if you incurred portfolio losses due to the poor servicing of your account - or you're simply upset with the entire matter - file a complaint with FINRA, the securities regulator.
[For further details, click on … FINRA Case #2018059598101.]