Full-Service Brokerage Firm Stumbles:
A Moderate Number of Stumbles, Including Mutual Fund Break Points & Reverse Churning

Recently Released!!!
Date Published: July 7, 2015
Summary Power Point Deck: 53 Slides
Reference Power Point Deck: 873 Slides

The purpose of this research is to provide readers with an initial understanding of full-service brokerage firm stumbles and their impact on the financial services industry, various products & services, various markets & distribution channels, and specific financial services firms. This research addresses prominent full-service brokerage firm stumbles such as the mutual fund break points scandal, the mutual funds sales contests scandal, & the fee-accounts & reverse churning scandal.

Full-service brokerage firm stumbles can be grouped into four phases, including:
  • Insurance Industry Stumbles Phase
  • Insider Trading Phase
  • Mutual Funds Industry Stumbles Phase
  • Ponzi Schemes Phase

Full-service brokerage firm stumbles can be defined to include dozens of stumbles, including:

  • Mutual Fund Commissions Disclosure
  • Mutual Fund Break Points
  • Mutual Funds Sales Contests
  • Fee-Accounts & Reverse Churning
  • Forgivable Loans
  • Provident Royalties & Medical Capital

This research supports three conclusions for full-service brokerage firm stumbles, including:

    • The Continuation of Sub-Standard Industry Ethics
    • Hedge Funds, Investment Banks, Retail Banks, & Insurance Companies Continue to be the Most Frequent Repeat Offenders
    • Limited Historical Regulator Enforcement Success with the Emergence of Rock Star Enforcers

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