... Many investors are soon to be very concerned because their fee-based brokerage accounts must be closed and moved to either a lawfully constituted investment advisory account or a traditional brokerage commission account by order and decision of the United States Court of Appeals, District of Columbia Circuit, dated March 30, 2007. Financial Planning Assn v. S.E.C. 482 F.3d 481 (C.A.D.C., 2007).
The reason for this ruling is that stockbrokers and registe...