“…regulators may take issue with an environment in which clients’ rights are hurt because they have difficulty moving with their advisors.” @HDelux speaks with Alex Padalka @FinAd_IQ.

Merrill Lynch is likely to follow the example of wirehouse rivals UBS and Morgan Stanley in exiting the Broker Protocol, recruiters tell InvestmentNews. And it could happen within the next three weeks, they tell the publication. But the protocol may survive if for no other reason than a lack of a decent alternative, industry observers say.

Finally, regulators may take issue with an environment in which clients’ rights are hurt because they have difficulty moving with their advisors, Brian Hamburger, founder of MarketCounsel, which helps advisers go independent, tells the news service.

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