Penny Stock Purveyors The Securities and Exchange Commission issued administrative proceedings against five securities professionals from now defunct Leeb Brokerage Services, for facilitating unlawful sales of penny stocks to investors from 2005 to ...
After 28 years with Edward Jones, and 14 years as the firm’s chief market strategist, Alan Skrainka was let go from the firm on Friday. According to a Jones spokesperson, Skrainka was ousted due to “his use of written materials without giving attribution.”
After Edward Jones lost two top producing reps and increased production expectations last month, some media outlets and recruiters made a lot of noise about rising advisor defections at Edward Jones. The truth is, Edward Jones attrition remains enviably low. Below, a wide-ranging interview with managing partner Jim Weddle.
Subprime Backed Securities Bite Morgan Keegan The Securities and Exchange Commission issued administrative proceedings against Memphis, Tenn.-based firms Morgan Keegan & Company and Morgan Asset Management and two employees accused of fraudulently ...
More than 800 Syracuse University students and alumni signed an online petition to disinvite Jamie Dimon, JPMorgan Chase chairman and chief executive officer, from delivering his scheduled 2010 commencement speech.
Edward Jones, now about 90 years old, “has prospered by dispensing buy-and-hold wisdom to small clients in small places.” That’s how we put it on our April 2006 cover story on the firm. But now Edward Jones is doing something very modern and very Wall Street: Like other firms, Jones is lighting a fire under its advisors’ feet to increase production.
Today Stifel Financial Corp., the St.Louis-based financial services holding company, said it is buying Thomas Weisel Partners Group, a San Francisco-based investment bank, in a deal valued at more than $300 million.
LAST UPDATED : April 16, 4:57 p.m. The Securities Exchange Commission sued Goldman Sachs for fraud today in connection with the mortgage-backed collateralized debt obligations (CDOs) it packaged and sold to investors.
When it comes to switching firms, advisors must plan their transition carefully. It requires thoughtful planning, a desire to run and grow your business, and unwavering dedication to do what is right for your clients....More
Research shows that while the average age of financial advisors has gone up, the percentage of advisors that don't have a succession plan in place has gone up as well. Why don't more advisors have a plan, and how can the industry better prepare for the future.
The U.S. corporate high yield market has grown from $250 billion to a $2.4 trillion industry. High yield has proven to be a solid asset class for investors, over time producing comparable returns to the S&P 500 with approximately half the volatility....More
Why do we make decisions that aren’t always in our own best interest? This group of articles from the Investments & Wealth Monitor takes a fascinating look at behavioral finance and behavioral portfolio management....More
With the wind at their backs, sprinters have broken speed records. Similarly, the tailwind of a bull market has boosted the fortunes of equity investors over the past five years. In both cases, the pace cannot be sustained over a long period of time. Look back no further than the past 10 years for confirmation of the market’s lack of endurance....More