MASSterList: Getting nowhere fast | Claims backlog | ‘Intimidation campaign’
| Galvin goes after Scottrade, accuses Trump administration of ignoring brokerage violations |
From Greg Ryan at the BBJ: “Massachusetts Secretary of State Bill Galvin’s office is targeting Scottrade Inc. for allegedly holding sales contests that posed a conflict of interest for its agents, with Galvin claiming the Trump administration is failing to police such misdeeds. Twice in 2017, the brokerage firm held contests that awarded those agents who brought in the most assets to the firm, including retirement assets, Galvin’s office said in an administrative complaint filed Thursday.”
BBJ |
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