FINRA BrokerCheck- New Rules Coming?

At its recent board meeting, the Financial Industry Regulatory Authority (FINRA) discussed a number of proposed rules, including one that would essentially increase visibility for BrokerCheck on firm websites and communications.

Debunking Common Myths about E&O Coverage

1. I document all my business transactions so I’m protected should a claim arise.

Although you may utilize a traditional or online filing system, many agreements or promises made regarding the sale of an insurance product are completed verbally, by telephone or in person. Often times, these conversations, or portions of the conversation, remain undocumented. As a result, a large number of E&O claims become a “he said, she said” scenario that can result in losses for an agent. In this instance, E&O insurance would help agents pay for legal or settlement fees associated with a claim, lawsuit and/or litigation.

Order Refused

Registered Representatives can help themselves avoid loss and reduce exposures using a few simple tips. Below is the first in a series of loss prevention techniques we will be providing on our blog to help Registered Reps identify ways to improve their risk management strategy.