Another Example of Why Suitability Fails to Protect Clients
Sigh. Yet again, we see another case of why commissioned salesmen cannot help put clients in a better place. In fact, advisors who act like brokers might even damage their clients’ financial well-being. The State of Massachusetts fined SII, a broker-dealer, over $5 million both in restitution to clients and regulatory fines.[1] The reason? Ripping Read more ➝