Calming down the Broker-Dealer Phobia
How does this cause fear in the broker-dealer community? I can’t tell you how many conversations I have had with broker-dealers that fear their advisor’s activity in this area. Not that they think they are bad or malicious, but fear of little careless common mistakes that cannot be overseen 100%. The fear that they will be taken to court thru the actions of an advisor acting on their own, compares to snakes and spiders for the common person. So what is to be done?! I thought you would never ask.
