A "handful" of temporary restraining orders used against departing reps. PaineWebber says it has finished bringing former J.C. Bradford clients on board - and retained 95% of Bradford's $46 billion in client assets during the transition...
The enemy had set up a battery of anti-aircraft guns in Shaw Valley, near the terminus of the Ho Chi Minh Trail in South Vietnam.It was the summer of 1968, and rookie fighter pilot Lt. JD Wetterling had just witnessed an American aircraft being...
Reps will help pay for local media buys. Edward Jones is launching an advertising campaign, and as it has done in the past, is having brokers help cover the cost.Television commercials will begin running early next year in 146 of the 210 TV...
A number of Wells Fargo bank brokers who have resigned or been terminated contend that the bank is taking compliance overboard--in some cases, for its own purposes.
Sales assistant titles have become an issue in overtime claims. Salomon Smith Barney is facing allegations that some sales assistant job titles it uses are designed to avoid overtime pay requirements.In a pending wage-and-hour case in Miami...
New 2001 software version enables participants to analyze accounts. Prudential Retirement Services, a unit within Prudential Securities, has signed an agreement with Intuit that enables participants in 401(k) plans sold by Prudential to download...
Last April, Rep. Edward Markey (D-Mass.) wrote to SEC Chairman Arthur Levitt asking for a list of cases in which brokerage firms were successfully sued for disclosing truthful information on U-5 forms.In a May response, Levitt admitted that the...
Hundreds of sales assistants reveal what they daydream about getting from their brokers and firms."What is the one most important thing your broker or firm could do to help you with your job?"It's an open-ended question, but one-third of sales...
In June, David Pottruck, Charles Schwab & Co. co-CEO, stated that the firm would be offering individual stock recommendations within a year.A spokesperson from the San Francisco-based discount brokerage confirms that news. "We are beginning to...
The financial services industry continues to evolve and the role of sales assistant is changing along with it. Sales assistants are no longer just file clerks and typists. Instead, they are immersed in the brokerage business and work closely with...
