A registered representative from Grand Ridge, Fla., was fined $5,000 and suspended from FINRA for six months for improperly handling deferred compensation plan enrollments.
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.