Benjiko

1. Think of the way financial companies are structured now that Glass Stegall act has been removed. Large "umbrella" companies own investment companies and banks. I work with an investment advisor and receive comp. from their subsidiary for referring clients to their division, technically another company. Retail banking and financial advisory arent held under the same company, but they may sit in desks across the hall. This is very common in banking, making cross referrals for management and holding assets.

2. I have seen several instances in Qs like this and it seems legit. Imagine having to inform all your clients your "comps" with different clients. It sounds too invasive. And who would be the judge of "excessive"?