I'm a registered rep in a one-man office. In the space I'm leasing there's also a CPA, a business consultant, an insurance agent, and a registered investment advisor. The space is like an executive office suite, and we each have our own private offices around a central square of cubicles occupied by secretaries for the CPA. Until recently, the RIA was also a registered rep of my broker-dealer, and we referred clients to each other. My firm is now saying that I can't refer clients to him due to privacy concerns. I think they're just doing this because he resigned as a registered rep to start his own RIA. What do you think?
— S. D., Oklahoma
All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.