Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Compass
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The Market for Financial Adviser Misconduct
Mark Egan, Gregor Matvos, Amit Seru, via SSRN Mar. 2, 2016
"Roughly 7% of advisers have misconduct records. Prior offenders are five times as likely to engage in new misconduct as the average financial adviser.... [A]pproximately half of financial advisers lose their job after misconduct.... [Of] these advisers, 44% are reemployed in the financial services industry within a year.... Firms that persistently engage in misconduct coexist with firms that have clean records.... [M]isconduct is concentrated in firms with retail customers and in counties with low education, elderly populations, and high incomes."
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