Five bank broker-dealers were fined a total of $1.65 million for bad supervision and procedures involving the sale of variable annuities, mutual funds or unit investment trusts, according to the … Read →
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.