Edward Jones has been hit with a fine of $2.7 million by the NASD, which ruled in an arbitration hearing that one of the firm’s brokers overloaded a client’s account with unsuitable investments on margin. William and Jean Torrence...
Former Smith Barney broker Phil Spartis, who was responsible for overseeing the options exercise program for WorldCom employees, has been cleared of a charge brought against him by the New York Stock Exchange for failure to cooperate with the...
Looking for a way to grow your financial advisory business? Target Hispanics, since as a group, Hispanics are woefully underserved by the financial services industry. With rising incomes and a growing population (now at 40 million), Latinos are...
WASHINGTON, D.C.—Investors angry about mounting evidence of mutual fund trading irregularities have nothing on Raymond James chairman and CEO Tom James. “It’s fraud, plain and simple,” James says of the after-hours and...
The Internal Revenue Service's specimens for safe-harbor charitable remainder annuity trusts for inter vivos and testamentary trusts update, improve and greatly expand on those previously issued by the IRS. You'll find copious annotations on the...
Even with the stock market down for three consecutive years and nonprofit organizations struggling to garner private funding, clients still are showing increased interest in charitable vehicles that allow for ongoing donor involvement. People are...
We frequently hear estate planners complain that IRA administrators will not execute an important part of an estate plan that they established for a client. The problem is most serious if it occurs after the death of the individual retirement...
It is with great pleasure that we announce the appointment of Wendy Davis as Trusts & Estates' new senior editor. Wendy graduated from University of Pennsylvania Law School cum laude in 1988. After working for nearly a decade at Legal Aid in New...
