{"id":208,"date":"2007-07-31T21:52:38","date_gmt":"2007-07-31T21:52:38","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/07\/what_worries_brokers_this_shou"},"modified":"2021-09-20T15:41:17","modified_gmt":"2021-09-20T20:41:17","slug":"what-worries-brokers-this-shou","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/","title":{"rendered":"What Worries Your Broker? This Should Scare You!"},"content":{"rendered":"

\t\t\t\t“There are two things I worry about: Clients dying and the government putting me out of business,” said a Merrill Lynch rep who says he gets about 80% of his revenue from B-shares shares and fee-based business. Apparently, the safety of his clients’ assets must be down the list. <\/p>\n

Meanwhile, regulators are currently engaged in a crackdown on brokers who shove clients into B-shares when the breakpoints of A-shares are much more appropriate, and those who use wrap accounts then ignore their clients. Hundreds of millions of mutual fund load refunds have been ordered. It has been discoverd that some clients have paid $5,000 to $20,000 per transaction while ignored in fee-based accounts at major firms. <\/p>\n

Loss of the fees “would make me wonder whether I should stay in business,” said Curtis Mohr, a Pasco, Wash., broker affiliated with Royal Alliance Associates Inc. Good riddance! <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

“There are two things I worry about: Clients dying and the government putting me out of business,” said a Merrill Lynch rep who says he gets about 80% of his revenue from B-shares shares and fee-based business. Apparently, the safety of his clients’ assets must be down the list. Meanwhile, regulators are currently engaged in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3789],"tags":[],"class_list":["post-208","post","type-post","status-publish","format-standard","hentry","category-stockbroker-regulation"],"yoast_head":"\nWhat Worries Your Broker? This Should Scare You! — Investor Lawyers Blog — July 31, 2007<\/title>\n<meta name=\"description\" content=\""There are two things I worry about: Clients dying and the government putting me out of business," said a Merrill Lynch rep who says he gets about 80% of — July 31, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What Worries Your Broker? This Should Scare You! — Investor Lawyers Blog — July 31, 2007\" \/>\n<meta name=\"twitter:description\" content=\""There are two things I worry about: Clients dying and the government putting me out of business," said a Merrill Lynch rep who says he gets about 80% of — July 31, 2007\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Worries Your Broker? This Should Scare You! — Investor Lawyers Blog — July 31, 2007","description":"\"There are two things I worry about: Clients dying and the government putting me out of business,\" said a Merrill Lynch rep who says he gets about 80% of — July 31, 2007","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/","twitter_card":"summary_large_image","twitter_title":"What Worries Your Broker? This Should Scare You! — Investor Lawyers Blog — July 31, 2007","twitter_description":"\"There are two things I worry about: Clients dying and the government putting me out of business,\" said a Merrill Lynch rep who says he gets about 80% of — July 31, 2007","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"What Worries Your Broker? This Should Scare You!","datePublished":"2007-07-31T21:52:38+00:00","dateModified":"2021-09-20T20:41:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/"},"wordCount":514,"articleSection":["Stockbroker Regulation"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/","url":"https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/","name":"What Worries Your Broker? This Should Scare You! — Investor Lawyers Blog — July 31, 2007","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2007-07-31T21:52:38+00:00","dateModified":"2021-09-20T20:41:17+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"\"There are two things I worry about: Clients dying and the government putting me out of business,\" said a Merrill Lynch rep who says he gets about 80% of — July 31, 2007","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/what-worries-brokers-this-shou\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"What Worries Your Broker? This Should Scare You!"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards & Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards & Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards & Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-3m","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=208"}],"version-history":[{"count":1,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/208\/revisions"}],"predecessor-version":[{"id":20148,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/208\/revisions\/20148"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}