2018056490330 Joseph J. Steward CRD 3241331 AWC vr (2025-1749255600956).pdf

Between October 2019 and October 2021, Steward recommended to one retail customer a series of trades that were excessive, unsuitable, and not in the customer's best interest. As a result, Steward willfully violated the Best Interest Obligation under Rule 15/-l(a)(l) of the Securities Exchange Act of 1934 (Regulation BI or Reg BI) and violated FINRA Rules 2111 and 2010. For these violations, Steward is suspended for five months in all capacities and ordered to pay partial restitution of $6,000.

Douglas W. Teubert Comment On Regulatory Notice 25-05

The redundancy and bureaucracy and extra paperwork it requires to write an application has got to stop!! I have been in this vocation for over 40 years and the extra work to get an application approved is overwhelming. We already have "Best Interest", "Attestations" and "Suitability for BOTH Broker Dealer AND Insurance Company. This just slows down commerce unnecessarily. We already have 80 pages in just one companies annuity application which is way too much!! There are ALREADY enough checks and balances.

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