Steward Partners is an employee-owned, independent partnership associated with Raymond James. Steward Partners’ association with Raymond James allows it to use the firm’s platform and technology in its daily operations.
The purpose of this article is to cover the current developments in securities law and regulatory matters. More specifically, we will begin by discussing the most significant model rules recently adopted and proposed by the North American Securities Administrators Association (NASAA).
It has come to our attention that a major independent BD is telling reps, who leave the firm with unpaid forgivable loans, that they will lose their securities license if they do not pay the brokerage firm the remaining balance on the note.