An independent auditor has criticized the NASD for failing to have enough public directors and committee members. Enhanced public representation was one of the key reforms ordered by the SEC in its 1996 settlement with the NASD.The criticisms were...
Prudential Securities has attracted more than a billion dollars in assets in its Advisor account since introducing the new fee program in May 1999. The firm is now getting ready to offer additional versions of Advisor with alternative pricing...
Brokers report that a few anxious clients have actually pulled money out of the market--and out of banks--in anticipation of Y2K problems. Others are simply concerned about operational snafus and are holding off on making decisions. But such fears...
Don't expect the CFP Board of Governors to make quick, irrational decisions any time soon. It learned its lesson. The hard way.After a survey showed 80 percent of CFP licensees wanted the Associate CFP designation dropped, the CFP board relented...
The National Association of Investment Professionals (NAIP) is filing a complaint with the Federal Trade Commission claiming online discounter ads are deceptive and unfair.The NAIP's attorney, William MacLeod, a partner at Collier Shannon Rill &...
The number of U.S. citizens living overseas is growing by leaps and bounds, and constitutes a unique market for reps.Employees on job assignments abroad have a U.S. tax exemption of $74,000 this year, and mayalso have a living allowance, leaving...
So, your branch manager is a cheapskate, a penny-pincher and a real tightwad when it comes to spending money on you. Here are a few suggestions on how to loosen those purse strings, offered by speakers at the National Association of Securities...
Merrill Lynch brokers aren't the only ones suffering from commission-cut anxiety. Over at Prudential Securities, President and CEO Hardwick Simmons says he has taken steps--including providing brokers with "transitional compensation"--to help ease...
An arbitration panel has awarded the former manager of Salomon Smith Barney's branch in Providence, R.I., more than 1.9 million dollars in damages.Branch manager Richard Morsilli says he was ousted in April 1998 after SSB officials told him they...
You want to make a good impression with clients, so you upgrade your wardrobe, polish your speaking skills and refine your mannerisms. But what about your office? What does it say about you?Your furnishings, desk, knickknacks and filing system all...
