Allreit,

You are amazingly stupid!

I have never been sued for any of the work I have done for my clients over my 20 years in the business.

BUT, I do know that pretending that I will never be sued because I do everything right is inanity (which is much worse than insanity!).

Do what you want, but, please, know that the rest of us look at your juvenile scribblings as something you should be embarrassed by.

DPR

[quote=planrcoach]

Maybe. Point is, from client’s point of view, you
have your little setup and they take their chances, just like anywhere
else. You don’t have deep pockets.
[/quote]

Clients who care about my ability to defend or sustain a lawsuit are not the kind I want.

You can quickly figure this out, by talking about recent financial windfalls, and mentioning legal judgments. For example, I've declined to invest a $125,000 award for slip n' fall "victim".

[QUOTE]You may be right or wrong, or half right or wrong, it is not clear to me. Anyone has any new insight, it would be appreciated to help clarify the liability/protection question.
[/quote]

Perhaps the "protection" of the B/D's legal department encourages RR's to be less ethical since there is a good possibility that the B/D's lawyers will settle away or sucessfully evade legal actions from disgruntled clients?

Perhaps the "protection" of the B/D's legal department encourages RR's to be less ethical since there is a good possibility that the B/D's lawyers will settle away or sucessfully evade legal actions from disgruntled clients?

Well, let's just leave it at that, then. At least I understand your point of view better. I've sure seen a few unethical advisors taking advantage of b/d "protection". And I've seen flash in the pan pie-eyed '49 ers come out West panning for gold.

The world in a grain of sand.

Thanks for being generous with your ideas. The perspective helps me keep focused on what is really important for now - being an ethical, solo shop broker dealer affiliate generalist who services the heck out of his fee based clients, and gets out to the golf course to make new friends, as often as possible.