Aug. 30, 2022
August 30, 2022 I was licensed series 7 in 1985. I had no complaints until my business partner had a complaint that I was also named in as my name was printed on the monthly statement. I had no contact with his client and never offered him advice. The client's complaint was dismissed. My partner's complaint was expunged from his file, yet the complaint on my file still remains. Why is this? Customers can make frivolous claims knowing most firms will settle. Advisors operating ethically can be named in complaints. In these instances the advisor should not be penalized with a black market on his/her record.