Karen Donovan

Karen
Donovan
Articles
Arbitration Tweaks
Nearly everybody seems to complain about arbitration (well, accept for the firms). In late January, the SEC tried to help improve the system by offering
Buried Treasure
It is the rarest and most valuable coin in the world, designed by a famed sculptor at the request of President Theodore Roosevelt in 1905. It should never
Will the Curse of the Dirty U5 Be Lifted? Judges Seem Skeptical of ‘Absolute Privilege’
ALBANY—On Tuesday, the New York State Court of Appeals heard the appeal of Chaskie Rosenberg, a registered rep who was fired in 2003 by Metropolitan Life Insurance. The court’s decision could have a major impact on New York laws about what brokerage firms can and cannot put on the U5 forms they file with the NASD when an employee leaves a firm. Initial questions from the judges suggest they may side with reps, some of whom have been fighting back against what they say are false allegations of misconduct on these U5 forms.
SEC Finally Approves Overhaul of Arbitration Code: Some Lawyers Are Underwhelmed
The Securities and Exchange Commission on Jan. 24 approved a new code of procedures that govern arbitrations at the NASD Dispute Resolution. The changes were a long time coming: Some of them have been sitting at the SEC since 2003.
Fix Arbitration Now
As mandatory arbitration hits the 20-year mark, Registered Rep. looks at gripes —old and new—and how to fix them.
A New Calculus
The after-effects of Warren Buffett's $31 billion gift to the Gates Foundation -- like any other seismic shift -- continue to circle outward.
Put It in Writing: Investors Want Arbitrators to Explain Their Awards
Lawyers who represent investors in securities arbitrations hope that a proposed NASD rule will take effect soon.
An Estate To Die For
Lawyers often see family members get ugly over assets. Rarely, though, does the nastiness literally explode, sending one of the parties to meet his maker. But that's exactly what happened in the case of Dr. Nicholas Bartha and his ex-wife Cordula Hahn. Their War of the Roses divorce became his funeral dirge.
When Great Expectations Falter
Fundraising professionals and financial advisors to nonprofits know the Wealth Transfer as shorthand for estimates by two academics at Boston College's
Word Up: "Microfinance"
In October 2005, Google.org -- the philanthropic arm of the audacious search engine company -- announced it would give not only to nonprofits, but also to companies that accomplish some social good.
SunTrust's Woes: It's the Real Thing
Kodak. IBM. Coca-Cola. The names are corporate icons. And these blue-chip stocks, if held in the portfolio of any trust, once meant a life of quiet contentment
Under Siege
ON ITS WEB SITE, THE NASD SAYS THE HEART OF ITS MISSION IS TO ENFORCE SECURITIES LAWS IN A VIGOROUS, FAIR AND EFFECTIVE MANNER. ASK ANY BROKER/DEALER
No More Slap on the Wrist
In the past, almost any violation by a rep resulted in a fine. Only in the most extreme cases were severe measures, like suspension and expulsion, used.
Raymond James Fights a Lonely Battle with the SEC
On Nov. 5, when SEC Chairman William Donaldson addressed the Securities Industry Association's annual meeting in Boca Raton, Fla., it was an uncomfortable
Freezers--Our Future Coffins?
But seriously folks, frozen clients are a fascinating problem for financial and estate planners. And this is no hypothetical.
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