Practice Management

To learn what everyday clients really think about their advisors, and what all advisors can learn from them, we talked to Mike Gnitecki, 33, a paramedic and firefighter in Longview, Texas.

Favored clients allegedly got the winning trades and others got the losers so the firm could profit more.

The SEC’s proposed document required for its Regulation Best Interest is written at a “14th grade level,” according to a new analysis, and uses jargon unfamiliar to most.

The firm was ordered to pay in total $250,000 to settle charges related to client testimonials, and its president charged for violations of the firm’s code of ethics.