The NASDR has proposed a new rule covering temporary restraining order (TRO) cases, and it's not a pretty picture for brokers. The proposal gives firms freedom to pursue brokers in court, unlike an earlier plan that has been dropped.Currently, a...
They may work in the same building, sometimes even on the same floor. They may even have the firm's name on their business cards, but they are separate.Groups of big-hitting brokers are setting up office suites by themselves, away from other...
Frequent updates are most important to investors--more so than whether they pay fees or commissions, or whether they use individual managed accounts or mutual funds, according to a survey conducted for CapTrust Financial Advisors.The study...
Since early November, a frenzy of retail investing activity has hit Canadian firms hard. While the surge has been felt most by discounters, ramifications are rippling throughout the industry.The rush came in the fourth quarter, but the heavy...
Merrill Lynch Canada and its homegrown competitor Nesbitt Burns are racing to see which firm can deliver more online services first.Merrill, which this past summer unveiled unlimited online trading to fee and discount customers in the United...
In April, Prudential Securities will launch a second version of its Advisor account that will charge a higher fee but have no transaction charges.Dubbed "Pru Advisor II" to distinguish it from the first version, the new account will allow...
Merrill Lynch plans to offer the online services now available to retail clients, such as research and trading, to institutions worldwide. No timetable has been set.Merrill's service expansion is part of a five-year development deal with Multex...
A rush of new millennium registration activity clogged the NASD's Web-based CRD system, launched this past August.The combination of heavy traffic, particularly during the first week of 2000, along with existing glitches combined to cause...
This summer, Minneapolis-based Dain Rauscher plans to launch a new system that, once fully developed, will enable reps to see what research a client has been accessing on Dain's Web site.The new database system combines Web-tracking software...
Wanna-be millionaires have been calling A.G. Edwards in droves.And it has nothing to do with the firm's investment acumen. (Sorry, Ben.)According to a Jan. 14 memo distributed to the sales force, here's what happened: The 800 number reps use to...
