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RWK, I appreciate the reply! Yes, I knew there would be 'some' sales going into it. Just didn't know it would be sales of snake oil products. In my area an accredited investor is rather rare. LOL! But, I do have five right now. They're in managed (IAR) accounts. I'm losing one in December...

Sadly, your friend was sold a Variable Annuity. Probably a "B share." It sounds like the GWB (Guaranteed Withdraw Benefit) rider was on it. If it was within 10 days, he could have "free-looked" (backed out) of the contract with no surrender charge. I don't use Variable Annuities. The Clients...

I'll have to say even though I never liked Spitzer, he was on to something with his mutual fund investigations. Some people think that once they pay the A share load, there aren't any more fees.:eek: Sad...

That is absolutely correct! There's a lot of greed out there among the major firms all the way down to the Independent firms. Makes me ill seeing what I have seen done to nice people, and their retirement money.

CVDS16, I keep hearing from my family, "get an honest job." Maybe there's something to that... When it comes to OPM, I don't think sales people have any busines with their hands on other's hard earned assets. Sales of refrigerators, cars, etc., is more of a "norm" I would think. Sales of...

jj90, I appreciate the reply! I have considered a second job. It almost killed me with a Wife and three kids in High School (one in 5th grade) Institutional I've thought about. I'd love to work on a floor in Ny or Chicago, but will entertain change. I'm with an Independent B/D and RIA...

Almost forgot, I don't have enough $$$ to daytrade my own account for a living. Yet... That isn't an option right now, as I have a family and need income that won't be blown out if I make ONE error in a trade. I'm a rather broke Broker.:( :p Btw, sorry for not keeping this short, but I...

I've been reading through threads here, and have a question that I'll try to keep short. Well, hopefully short. I have a family member who works for a major wirehouse who got me interested in being a broker five years ago. I have a BA (not in finance, or economics. "Organizational Leadership...

I noticed this as well. Is IBD slipping? I've paper traded the top 100 before, and wasn't at all exited with the results. I'd like to keep confidence in IBD, but it's starting to fade somewhat.

Bump! I've been looking for the exact answers niteflite is looking for.

I'm a Libertarian, and thus do not want big government as it doesn't work. NOR is it what our founding Fathers meant it to be. This used to be a free Country, but is no more. I love America, and am saddened by what it has come to vs. what I knew it as when I was a kid. With an Obama in...

Thank you! This is what I'm looking for as well.

I'm in the same boat you are in. I want to trade remotely, but there are ZERO prop firms in my area. I have my Series 7, and am not a very good sales guy I guess after being on the retail side for 5 years, and am still struggling with money. I can trade, and am analytical. I'm not very good...