A Missouri-based financial services firm will repurchase all of its retail clients’ auction rate securities, including $41 million in payouts this year, as part of a settlement agreement.
See more: auction rate securities, CO, Denise Voight, fines, IN, legal, MO, North American Securities Administrators Association, Robin Carnahan, Ronald J. Kruszewski, Roy Gerdel, settlement, Stifel Nicolaus & Co., TX
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.

