Insights Sectors: Brokers-Dealers

  1. Commission Documentation Brokers should ensure that all commission, remuneration and financial benefit arrangements with insurers is appropriately documented to include: review process dispute process for conflict about remuneration post – termination payments detail of each component of remuneration such as contingent remuneration, monetary or non-monetary benefits, profit share commission, volume bonuses, or any […]

In derivatives trading disputes a financial services provider may seek to rely on the terms and conditions of the client agreement and trading practices to close out positions. The Financial Ombudsman Service (FOS) has indicated that in resolving disputes concerning a broker’s authority to ‘close out’ or manage a margin, that it will not only […]