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December 17, 2018

Wells Fargo’s Lowest-Producing Reps to See Pay Cuts
Those generating less than $250,000 annually will see their pay cut by 3% in the firm’s two-tier payout system.
FAs Decry New Jersey Fiduciary Rule: This Could Hurt Clients and Advisors Alike
The rule aimed at investor protection may have a few unintended consequences.
Yet Another Ex-Securities America Rep In Trouble with the Law
77-year-old former broker pleads guilty to stealing more than $11 million from clients.
Kestra Financial Up for Sale, with Goldman Sachs Overseeing It
The broker-dealer’s owner, Stone Point Capital, has reportedly hired Goldman Sachs to manage the transaction.
Middle-Income Americans Having Financial Planning Problems?
People earning $40,000-$85,000 are most likely to take out loans from their employer retirement plans.