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Articles Posted in Former Advisor Program

ARE RETIRING FA SUNSET PLANS RIFE WITH ABUSE?
Herskovits, PLLC

It has been reported that Morgan Stanley conducted a “nationwide probe” of abuses associated with its Former Advisor Program, a sun-setting plan that allows retired FAs to receive a split of fees and commissions paid by former clients. Further to this reporting, we conducted a survey of FINRA AWCs issued in the last 12 months…

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