I have heard quite a bit from some of my buddies who are moving their IBs and Guaranteed IBs to new FCMs, whereby the new FCM is reneging on promises made before the IB’s assets transferred over to the new FCM.
One or two stories like this, you say misunderstanding. But several of them, some with the same FCM, and you start thinking about Bait and Switch.
Allegedly, some of the FCMs are backing away from both written and handshake deals, effectively trapping the IB in limbo with what will now be inferior service and higher costs to boot.
Has anyone else been subject to this alleged treatment?
I want to hear from every IB out there.
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