The agent ended up being found guilty of four separate counts and received three separate reprimands and punishments.Long story short, don't jump to conclusions, but also make sure there is accountability.

It's easy to call someone a troll when you disagree -- or even feel guilty.

Coincidently, you cannot plead ignorance to anything in the case that you do screw up whereas a non-licensed person can get away with mistakes.

But, shall a person be found guilty, illegally calling themself a "Sophisticated Investor"?

I am guilty of shooting from the hip but I have done so many home repairs over the years that I can rough estimate pretty quickly.

I am guilty of not asking questions of fees etc.  

Even if I were sued, I document everything and obey the law, so I won't be found guilty.

And when I do, I feel guilty either taking time away from work or my family.  

Greetings All, I was recently made aware of a class action lawsuit against Equity Trust (see link here) to which one of the more disturbing claims is, that if found guilty they would essentially be considered a NON-qualified retirement vehicle and potentially any investments or rollovers into ETC could be then considered a tax-able event.  

Super easy to be found guilty of mortgage fraud.