"Are You a Financial Services
Industry 'Insider?' If So, Are You One
of "The Good Guys?"
Are you really? Then let me know, and
PROVE
IT!
If you've been around for any time at all, you
know exactly what I'm talking about. You are aware of the
deceptive sales practices, the outrageous pillage that takes
place on a daily basis, the unbelievable "smoke and mirrors"
used to keep the average investor as far away from the truth as
possible!
"It's Time to
Come Clean, Guys & Gals..."
If you truly are one of the "Good Guys" then
you'll agree that its high time for some real reform, for some
real action to protect hard-working Americans from getting run
over by our financial system with inappropriate investments,
huge hidden fees, and inadequate disclosure.
"Here's How
You Can Prove Who's Side You're On..."
You don't have to agree with absolutely every
word I say. In fact, you might hate my guts, but that doesn't
matter. What matters is standing up for the little guy and
making sure that you're not a part of the seamy underbelly of
the Financial Services Industry.
You also need to "Just Say
No!" and make sure you're not selling
inappropriate investments, crappy mutual funds, high-fee
variable annuities, CMOs with high commissions and loads of
risk, and all the other stuff your boss is telling you that you
should 'push' on your clients. And then...
If you've got information you can share, let me
know. I'm talking about anything you know that could help even
one retiree or hard-working family out there avoid getting
ripped off and taken advantage of... let me know and I'll pass
it on. For now, send me an email at: hw @ angrybroker.com (take
out the spaces in the email address so it will go through).
I'm working on setting up a special section for
you guys to spill your guts, say you're sorry if you need to,
and then do your best to set things right by sharing what you
know and helping people. You can stay completely anonymous if
you need to. Believe me, I know it's not easy to make it in
this business anyway, especially if you are selling the things
that are actually a 'good deal' for your clients.
Say you've got someone sitting there with
$25,000 to invest. When you can make $1,750 (a 7% commission)
for selling some lousy Variable Annuity that's going to cost
your client anywhere from 3% to 5% or more per year in fees and
expenses, is totally inappropriate, and has WAY too much risk
for what they need, I know it's not easy to steer them to the
CD (which is the RIGHT thing to do!) that you're only going to
make $45 bucks on! Especially when that $25,000 sale (and
$1,750 commission) puts you one step closer to that fabulous
trip to the Bahamas and an extra cash bonus! They don't make it
easy to do the right thing, do they???
Yes, $1,750 goes a heck of a lot further than
$45 bucks these days...
"...but
sometimes you have to do the RIGHT THING!"
...and NOT the thing that makes you the MOST
money.
Let me know that you are involved or employed by the
Financial Services Industry...let me know the problems
you've seen, and what you're doing about it.
That will give me some hope that there are people with a
conscience out there somewhere and I'm not all alone... (I know
I'm not... I've met a few "good guys" over the years...)
In the meantime...
"...Do The RIGHT THING!"
Not sure if you're a "financial services
professional?" Here is the definition for the
purposes of this website.
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