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By Dale Brown, Financial Services Institute |
February 19, 2013
In the continuing struggle to retain independent contractor status for IBD advisors on both the state and federal level, broker-dealers have a key ally in FSI. The Waddell & Reed lawsuit is a case in point.
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By Gil Weinreich, AdvisorOne |
August 23, 2012
The victory for Waddell & Reed has potentially far-reaching consequences for BDs because the brokers filing suit alleged that some SEC and FINRA regulations indicated the sort of control found in an employee relationship.