When I began planning for my retirement, I made an agreement with "John" (another registered rep in my office) for him to take over my clients and pay me half the commissions. Around the same time, John and I also purchased "Peter's" book of business. There was no provision to pay Peter any continuing commissions. For various reasons, John and I put those clients under John's rep number. I've since retired and my firm is now saying it won't pay me the commissions on Peter's book. I don't understand why it will pay me the commissions from my clients but not the others. No one disputes that John and I bought Peter's book together and, in fact, before I retired, John and I both received commissions from those clients.
R. J., Florida
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