The NASDs new rules governing non-cash compensation that product sponsors are allowed to give brokers have created some confusion in the industry (see OddLots, November 98, Page 36).Two committees of the Securities Industry Association complained...
Prudential Securities is helping brokers get clients into the latest investing fad: Internet stocks.In December, the firm introduced NetPort, a basket of five Internet stocks that investors can buy with a single ticket. For $15,000 and a normal...
The Investment Dealers Association of Canada (IDA), which functions half as a regulator and half as the brokerage industrys trade group, is pushing to have an arbitration system in place by year-end.Although Quebec and British Columbia have had...
Lenore Albom, Vice President of Global Markets Chase Securities, President, Financial Womens Association of New York, New YorkLenore Albom doesnt particularly want to talk about her own career as an executive at Chase Securities, one of the...
The NASDR announced in January that it would indefinitely postpone releasing brokers disciplinary records via the Internet. The regulator had planned on offering real-time online access to the Central Registration Depository (CRD) early this year...
In a report sent to Congress last November, the U.S. General Accounting Office (GAO) found that the NASD collected just 24% of the total amount of fines it imposed between January 1992 and December 1996. Although most smaller fines are paid in...
For a long time, women brokers have been asking for more opportunities to network with other female reps. Securities firms are finally getting the message.Several of the major wirehouses--some in response to boom-boom room class-action suits and...
Securities industry executives met with members of the press in mid-January to outline some of the Securities Industry Associations top priorities for 1999, which include bolstering public trust and confidence in the industry and ironing out any...
Michelle Owens, Financial Consultant, Salomon Smith Barney, Member, the National Association of Securities Professionals, Bethesda, Md.Salomon Smith Barneys Michelle Owens has had numerous jobs in the field of business and finance. The rep worked...
In January, Worth Bruntjen, portfolio manager of Piper Capital Managements (PCM) beleaguered Institutional Government Income Portfolio fund, settled fraud charges brought against him by the SEC, agreeing to a five-year suspension and a $100,000...
