From: James B. Thompson |
THE SUITABILITY CONCERNS OF NASD HAS BEEN A BIG FACTOR IN MANY OR MOST AMERICANS NOT HAVING SUFFICIENT AMOUNT OF FUNDS FOR RETIREMENT. BY THE TIME YOU ARE FINISHED WARNING, THE CLIENT, SCARING CLIENT ON ANYTHING AND EVERYTHING, THEY WANT TO THINK ABOUT IT RATHER THAN INVEST FOR RETIREMENT LIKE THEY STARTED OUT TO DO. WHAT ABOUT FUTURE LIABILITY ISSUES FOR TALKING CLIENTS OUT OF RETIREMENT BECAUSE NASD THINKS IT IS AN UNSUITABLE TRANSACTION, AND THE CLIENT FALL WAY SHORT AT RETIREMENT AND LATER SUE AGENT FOR NOT CONVINCING THEM THEY NEEDED THIS RETIREMENT ACCOUNT ENOUGH. DON’T BELIEVE ME ASK ANY LIFE AGENT WHO’S BEEN SUED BECAUSE CLIENT WASN’T TOLD TO BUY ENOUGH LIFE INSURANCE. WE ARE REGULATED ENOUGH, LET US DO OUR JOBS. JAMES B. THOMPSON |