Two broker-dealers were permanently barred by the Financial Industry Regulatory Authority for their alleged role in multi-million dollar Ponzi schemes, including one that involved fictitious investments with NYLife Securities totaling $3.7 million.
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.