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Jul 8, 2009 11:36 am

anonymous

Joined: 2005-09-29Offline

Is an OSJ’s role strictly compliance-related, or can the OSJ tell me what share class of mutual fund to sell - ie that I will use only C shs because it brings recurring revenue to the business rather than A shs? O that I will only do fee-based business from now on?

  Doesn't that violate suitability rules?   (I typically run the FINRA calculator and let the client choose, but 90% of the time they choose A if it's LT $).
Jul 8, 2009 11:56 am

anonymous

Joined: 2005-09-29Offline

[quote=newrookie]Is an OSJ’s role strictly compliance-related, or can the OSJ tell me what share class of mutual fund to sell - ie that I will use only C shs because it brings recurring revenue to the business rather than A shs? O that I will only do fee-based business from now on?

  Doesn't that violate suitability rules?   (I typically run the FINRA calculator and let the client choose, but 90% of the time they choose A if it's LT $).[/quote]

Ask the broker/dealer.