A three-person arbitration panel dismissed all claims in the Thomas Sheridan OKeefe v. Piper Jaffray Cos. case.In a June decision, the panel also split the hearing costs--$16,950 was assessed against both parties.OKeefe, a former rep at the firm...
To convert or not to convert? That is the question. And it seems that Roth IRA calculators--which number about 35--dont offer an easy answer.When the Roth IRA first came on the scene, tax advisers, financial planners and brokers scratched their...
The Investment Funds Institute of Canada (IFIC), which frequently struggles to meet the needs of a broad membership base, is facing yet another controversy. Ned Goodman, head of Dynamic Mutual Funds and one of the founders of the Canadian fund...
On Jan. 17, 1998, the Saturday before the Monica Lewinsky scandal broke, President Bill Clinton arrived grim-faced, by black limousine to his lawyers downtown Washington, D.C., office. Once inside, attorneys representing Paula Jones in her now...
Broker complaints about charge backs on wrap-fee accounts is causing many brokerages to adopt new trading policies.Take the Investment Advisory Services unit at Raymond James. There, many brokers had complained that hitting them with a ticket...
Conversations continue between representatives of the National Securities Clearing Corp. (NSCC) and some smaller broker/dealers over ways to make some NSCC services more affordable and accessible for small users.But just beneath the surface of the...
On May 7, the NASD announced that venture capitalist Arthur Rock of San Francisco-based Arthur Rock & Co., was elected to the NASD board of governors to replace Bridget Macaskill of Oppenheimer Funds in New York. Rock will take Macaskills spot as...
Ever wonder why every firm on the Street is pushing central asset accounts? The accounts money funds are hugely profitable.According to IBC Financial Data Money Fund Report, money funds overall yielded an average 5.15% (seven-day compound yield)...
Last year, EVEREN Securities announced that payouts would be reduced to fund various new technology initiatives. The move irked many producers who pointed out that the firms top executives were enjoying large bonuses.Now the question is, where is...
The Canadian Securities Institute, (CSI) the educational and testing arm of the Investment Dealers Association of Canada (IDA), has withdrawn its membership from the Canadian Financial Planners Council, the mutual fund-owned group that currently...
