With the market about to end its third straight year in negative territory and Wall Street riven by scandals large and small, the life of the retail stockbroker has not been easy in 2002. Until this stuff gets mopped...
Call it Levitt's smackdown. In his new book, the former SEC chairman writes, Brokers may seem like clever financial experts, but they are first and foremost salespeople. This book, a timely release by the longest...
SEC Chairman Harvey Pitt received a standing ovation this morning after his speech to the Securities Industry Association’s annual convention in Boca Raton, Fla. The chairman, who resigned on election night...
SEC Chairman Harvey Pitt received a standing ovation this morning after his speech to the Securities Industry Association’s annual convention in Boca Raton, Fla. The chairman, who resigned on election night...
Is it time to check out small cap and micro cap stocks and managers? Merrill Lynch recently announced that it would no longer make a market in anything but the 2,400 biggest, most actively traded Nasdaq issues. It's...
Looking for a job, but afraid you'll be found out? A new Web site, privateclientpro.net, provides a fast, anonymous and comprehensive listing of opportunities. So far, only Boston area jobs are listed, but the site's...
During a recent radio address, President Bush said he supported the Retirement Security Advice Act, H.R. 2269, which recently passed the House. The act would allow financial institutions to provide personalized...
Former Salomon Smith Barney brokers Phil Spartis and Amy Elias have led an NYSE arbitration claim against their former rm and a number of the firm's ofcers and attorneys. They had already countersued Smith Barney...
Inevitably, clients in a down market get testy about fees. It's bad for commission-based brokers, but also bad for RIAs and other advisors who charge management fees based on the values of portfolios. Clients who are...
What does your business card say? I'll bet it doesn't say stockbroker, but financial consultant or financial advisor or some other permutation on that theme. If you're an independent advisor, that's an accurate...
