Chung Wu, the former UBS PaineWebber broker who was fired after sending e-mails in August 2001 suggesting clients sell Enron stock, has sued PaineWebber.
California's arbitration tussle with the NASD and NYSE has gone from bad to worse. Now, SEC Chairman Harvey Pitt has jumped into the fray. In an unprecedented move, he has ordered the self-regulatory organizations to empanel arbitrators to start...
In his 40 years as a broker at Wedbush Morgan Securities, Earl Feldhorn was only once seriously disenchanted with his job. He was frustrated by the unreasonable valuations of highflying Internet companies in the '90s and what he saw as investor...
Unlike their parents, baby boomers can't count on employer-sponsored pensions to support upon retirement. Boomers will have to come up with another way to ensure financial security. With 76 million boomers forecast to reach the age of retirement ...
The past few years of roiling, tumbling markets have struck fear in the hearts of many investors and sent some searching for a port gold, CDs, guaranteed investment contracts in which to wait out the storm. Annuities, long derided as overpriced...
FEATURES Beware the 529 Hype pg.9 Some advisors are suggesting it, but treating this college savings plan as a pure wealth-transfer vehicle is risky. By Susan Hansen, contributing writer The 800-lb Gorilla pg.14 The latest IRS stats confirm what...
This Spring when I was still an editor at Corporate Counsel magazine, I had lunch and a wide-ranging conversation with a famous white-collar criminal defense lawyer. Just as this attorney was finishing a chopped salad, he confessed that the...
I recall a 1998 Life in Hell cartoon by Matt Groening. ÒDo you sincerely want to live forever at a price you can afford?Ó reads a sign. ÒThen bring your head down to Akbar Ôn JeffÕs Cryonics Hut. Where the elite beat the...
