Quote:
Originally Posted by MikeVega
That just reminded me that I'm due for Continuing Ed. I hate that shit but you have to do it.
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Everyone hates it..
And up here I would say that most branches of most firms are farm more concerned about gross commissions than whether their brokers actually undertand their CE - this leads to apathy and thus to lawsuits.
Where I used to work people only did their CE requirements at the last second and lied/cheated/stole as much as possible to pass, it wasnt required that they actually
understand anything, only that they got the piece of paper from the regulator so they could continue to churn and burn.
In a risk-reward scenario, the branch's reward from generating the commissions was far greater than the cost of the lawsuits that would result.
I maintain to this day that although people may judge the morals of the adult industry on a sliding scale, our industry maintains a much higher standard of ethics than the stock trading business. If anyone thinks our industry is unethical, I say go work at a brokerage house for 1 week if you want to see what unethical business practices really look like - I don't mean some shady boiler room, I mean any top firm (In canada, the firms of the top 5 big banks).