So given the environment, FINRA is particularly concerned about the suitability of the products registered representatives recommend to investors.
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Registered representatives, also called stockbrokers, investment representatives, and bank representatives, are paid commissions to sell investment and insurance products.
Certain UBS registered representatives also made unsuitable recommendations of Non-Traditional ETFs to certain customers with a primary investment objective of income.
FORBES: UBS To Pay Nearly Nearly $2 Million ETF Fine and Restitution
An investment advisor should not be confused with a financial advisor, a generic title that typically refers to stockbrokers or registered representatives.
FORBES: Differences Between Stockbrokers, Investment Advisors And Financial Planners
In addition, certain UBS registered representatives allegedly did not have an adequate understanding of Non-Traditional ETFs before recommending these products to retail brokerage customers.
FORBES: UBS To Pay Nearly Nearly $2 Million ETF Fine and Restitution
Big brokerage and insurance firms hate the idea of a fiduciary standard because it mucks up their models and could require that they retrain and re-license their armies of registered representatives.
Investors can verify background of registered representatives and their firms by contacting a home state's securities regulators, usually located in the state capital, or online at www.nasdbrokercheck.com, a website run by the National Association of Securities Dealers.
During the period under review in the AWC ( January 1, 2008 through December 31, 2010), the firm had about 58 branch offices and some 151 registered representatives (and those numbers were respectively reduced by the time of the AWC to about 61 offices and 146 reps).
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They watch nearly 5, 000 brokerage firms, more than 163, 000 branch offices and in excess of 635, 000 registered securities representatives.
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There are more than 275, 000 so-called investment advisor representatives registered with the Securities and Exchange Commission.
The DPJ holds elections every two years when registered supporters, regional representatives and members of parliament are invited to vote.
Inside every polling center there will be one employee from the IECI and representatives from the registered lists.
There are 18, 000 Iraqi election monitors who have been trained in their work and 23, 000 representatives of the political lists registered who will also act as monitors for the voting.
The top three professions adding the most jobs: registered nurses, home health aides and customer service representatives.
Financial advisors are Registered Investment Advisors (RIAs) or Investment Advisor Representatives (IARs).
They will have heard that the vast majority of Americans, whether they voted Democratic or Republican, whether they're registered Democrats or Republicans or independents, just want their elected representatives to get to work and to get things done.
Representatives of various ethnic militias are attending, and have already registered their displeasure with some of the generals' ideas.
Officials estimated about 10 million of the 15 million registered voters participated in the elections for a 275-seat parliament called the Council of Representatives.
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