No clients suffered any financial loss as a result of Jannetta’s misconduct
Nivet updated forms and signatures without contacting clients
Reps acting contrary to MFDA rules
Comments due by Dec. 16
Deficiencies at De Thomas Financial earn $10,000 fine
Dealers and advisors obligated to “know your client”, “know your product”
Jenset permitted a non-registrant to perform “know your client” obligations
Although inclusion in KYC forms would lead to more sales for SRI products, it would present various legitimate considerations
Keeping in touch to update KYC information, especially during tough times, is a moral and fiduciary responsibility
James Moon wants to show other advisors how to avoid making the mistakes that have cost him dearly