A registered representative from Virginia Beach, Va., was ordered to pay a $20,000 fine for his involvement with reverse-mortgage seminars against his company’s policies and for his statements and materials for the seminars.
See more: David Allen Abbott, education, financial services, FINRA, reverse mortgages, sanctions, senior citizens
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.

