For the first time, I heard “financial advice cockroaches” to describe former advisors that committed serious misconduct (criminal or regulatory infractions, civil judgments, or termination after allegations of improper conduct) but still sell financial products under insurance licenses. I am alarmed by the lack of action by the state commissioners. Perhaps, a financial offender registry (like the sex offender registry) for fiduciaries is needed. What could make this happen?
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I'm curious what the average salary is for an Associate Agent. I'm licensed & do everything after the sale is made as well as refer new business. I have 14 years in the industry but have been at the current company less than a year, so I know that plays a part as well. Anyone in a like-position by chance?State Farm Allstate Travelers
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Why do companies hire“financial advice cockroaches”? Are recruiters skipping the background check?