Like most everyone these days Dr. Edward Yardeni, Deutsche Morgan Grenfells well-known chief economist, has been trying to get a fix on the year 2000. Specifically, hes looking into what impact the computer problem, a.k.a., the millennium bug, is...
Jamieson: Welcome. This is the first annual NAIP board retreat. Im Dan Jamieson, editor in chief of Registered Representative magazine and one of the NAIP board members. Were going to go around and have everyone make a brief introduction of...
This year, Salomon Smith Barney has introduced an Investment Associate program in which sales assistants can become junior partners to the broker with whom they work. After going through training and a one-year apprenticeship under the senior...
Like all full-service brokers, Hartford, Conn.-based Advest has been trying to figure out how to benefit from the Internet without making its reps feel like theyre expendable. A solution the firm hopes will appeal to Web-happy customers and off...
The Templeton Vietnam Opportunities Fund and its directors are being sued by a group of its investors for negligence in managing the portfolio.The class-action lawsuit was filed last February in federal court in Florida. Investor Michael Wetta is...
It looked to be a rout last February when the NASDRs controversial proposal to limit investors punitive damages had received little support. Opponents of the idea led supporters by a score of 21 to 3 in comment letters to the SEC. Plaintiffs...
The NASDR, perhaps taking a page from Joseph Conrads, Heart of Darkness, sent out a notice to members in May officially reminding them to keep a close eye on distant shores. Specifically, they are to monitor independent contractors who operate out...
In the latest swing of the regulatory revolving door, Bill McLucas, the SECs recent enforcement chief, and Martin Kuperberg, former head of the SECs New York City office and most recently chief of the NASDs key New York office, have left for...
If Prudential Insurance completes its plan to go public, Prudential Securities brokers expect to see their firm spun off and ultimately bought by someone else. And reps at the firm like the idea.It puts us on the market, says a six-year Prudential...
By the end of 1998, Merrill Lynch and Prudential Securities will be ready to launch Web-based trading for some of their retail clients, and PaineWebber will be at the pilot stage, if not beyond that.When it comes to the firms making greater use of...