In April, the SEC issued for comment a hotly contested proposed permanent rule governing how injunctions against brokers can be obtained.Firms sometimes seek emergency relief to prevent departing brokers from soliciting and transferring customers...
Mark Sutton, president of PaineWebber's retail unit, will deliver the keynote address at the SIA Financial Advisor Conference June 8-10 at the Drake Hotel in Chicago.The theme of the inaugural conference is "Controlling Your Destiny." Breakout...
The SIA board of directors in March endorsed the idea of one SRO. It recommends the creation of a new regulator to supervise sales practices and operational requirements, while each stock market oversees its own trading and listing activities.In...
After watching most of its competitors launch new fee accounts, A.G. Edwards has finally joined in. In March, it rolled out its Client Choice account, which offers "virtually unlimited transactions," according to the firm.However, the firm will...
That Securities Investor Protection Corp. logo on your office window may give peace of mind to some, but critics say it shouldn't. They complain SIPC's system makes filing claims difficult while its favored lawyers rack up huge legal bills by...
With an office that looks out on the San Juan Mountains in Montrose, Colo., David Tillson says he's "amazed that every broker in America" isn't clamoring to telecommute. "That's the only thing I find unusual about this," he says.Six years ago...
Knowledgeable. Dedicated. Talented. Enthusiastic.These are just a few of the descriptions others apply to our winning brokers. For the 20th consecutive year, Registered Representative honors 10 of the industry's finest reps based on their superior...
Regulators have been busy painting a picture of margin debt exploding out of control. Yet a report released by the SIA in February shows that margin debt as a percentage of market capitalization is well within historical norms.Securities lending...
Norman Schrott, A.G. Edwards, Alexandria, Va. Evidence of Norman Schrott's devotion to his hometown of Alexandria, Va., goes back a long way. In the same year that the A.G. Edwards seniorvice president of investments became a broker, he was also...
Steve Booren, Capital Consulting, Englewood, Colo. Steve Booren doesn't like to take time away from serving his clients. "You won't hear me on the radio or see me on TV," he says. Nor will you find him doing much marketing and prospecting. He asks...
