Osj?
Jul 8, 2009 11:36 am
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
[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.
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