A registered representative from Apple Valley, Minn., was sanctioned by FINRA for submitting false financial plans to his member firm to hold onto his title of “financial planner,” records show.
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.