The average advisor's day is jam packed with a litany of tasks including servicing client accounts, attending sales meetings, tracking the stock market and calling on sales leads. While these financial professionals are often well compensated for taking on this hectic lifestyle, the long hours and volume of duties are also a major reason why the burnout rate in the financial industry is so high.
FINRA is expanding the giudance it gives to parties involved in the discovery process, this includes arbitrators. The Document production list will also be updated from the 14 current lists to two general lists and 12 specialty lists for specific types of claims.
Effective Date: May 16, 2011
For example: Documents the Firm/Associated Persons Shall Produce in All Customer Cases (Items 1: Account record information for...