For the first time, the Securities Industry Association is hosting a conference for retail brokers. The event is June 8-10 at the Drake Hotel in Chicago.The theme of the conference is "Controlling Your Destiny." Jeremy Siegel, a professor of...
Beginning this month, Prudential Securities will offer higher payouts on fee accounts and trim payouts on transaction business. The firm is also rolling out a new deferred compensation plan.At press time in early December, no details had been...
The new client sitting across from Sheryl Garrett was frustrated. There had been so many good opportunities to invest in the stock market over the past several years, he said, but he didn't take advantage of them. Could Garrett help him put...
While the industry lauded Congress for passing the Gramm-Leach-Bliley Act, the new law also gave the Federal Reserve an entree into the SEC's turf.The law sweeps away the last remnants of Depression-era legislation that prohibited one company from...
England's Financial Services Authority (FSA), which oversees the United Kingdom market, has begun monitoring retail firms and is requiring some to make daily reports on their activities.The reason, according to the FSA, is that the number of daily...
SEC-approved rules for handling employment discrimination claims in NASD arbitrations go into effect Jan. 18.A year ago, the NASD eliminated mandatory arbitration of harassment and discrimination claims, leaving that choice up to employers. If...
"There's a new way to work with Merrill Lynch--any way you want."--TV adAt first, it seems counterintuitive, even oxymoronic. Like Bayer introducing a new "non-aspirin" pain reliever. Or Volvo manufacturing a line of cars without air bags. It's...
Canadian financial advisers are up in arms over a proposed regulation they say will compromise their ability to give independent advice.Members of the Independent Financial Services Brokers of Canada, which represents 1,500 licensed advisers, are...
Forget the stories about full-service brokers going out of business. Heated competition for reps shows that full-service advisers have value, said Mark Sutton, PaineWebber's retail chief, at a media briefing Nov. 23.Competition for brokers with...
The stereotypical CPA is trustworthy, conservative, knowledgeable about taxes and good with numbers. Sounds like the qualities needed in a good investment adviser. Clients think so. They have been demanding investment advice from their accountants...
