George Yacik

Contributor

George Yacik has been a financial writer for more than 30 years. I began my career at The Bond Buyer, covering the municipal and corporate bond markets and municipal finance. I then moved across the hall to American Banker, where I was the managing editor of the newsletter group. I then joined SMR Research Corp. in New Jersey as a vice president, where I was the lead research analyst and project leader for SMR’s studies on residential and subprime mortgages, home equity lending, credit cards, consumer credit and personal bankruptcy. Since 2008 I’ve been a freelance writer. I write for a variety of publications, corporations, research companies, industry groups, websites and blogs. I specialize in consumer lending subjects and investing.

What You Need to Know About “Selling Away”

A spate of recent high-profile incidents of “selling away” client assets – moving money off the broker-dealer custody and records platform -- should have financial advisors and others who manage money on the alert. Even if you don’t fully know the rules, you could find yourself violating federal securities law.

Independent powerhouse LPL Financial terminated its relationship with top broker James Bashaw and now Wunderlich Securities has let him go too.