FINRA Disciplinary Action Report for March 2017.
Brokerages Create Illusion of Fiduciary Duty Through Savvy Marketing
Misleading advertising prevalent among brokerage firms lulls investors into a false sense of security over their investments. They stop checking up on their accounts and their broker because they trust him or her; they’ve been told that is, along with access to information and expertise, the main reason to invest with him or her.