Brokerage turmoil hits reps in pocketbook
As stocks of the large financial services firms get hammered, more brokers could be tempted to leave.
As stocks of the large financial services firms get hammered, more brokers could be tempted to leave.
That's because wirehouse brokers have significant exposure to company stock as a result of their deferred compensation and bonus plans. Some have even more stock in their 401(k) plans.
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