The independent broker/dealer channel is still fighting a decades-old battle. In Chicago this morning, the fourth annual SIFMA Independent Firms Conference opened with remarks from industry executives whose speeches...
The ongoing debate about who owns client relationships has yet to be won. Last week, the comment period closed on a proposed SEC amendment to existing client-privacy rules, which would suggest that, ultimately, broker...
Charles Schwab, Fidelity, TD Ameritrade and Pershing will soon have a new and powerful rival to worry about, while the hybrid broker/independent RIA model should get a major boost. The largest independent b/d in the U...
Bank of America Corp. just got about $10 million poorer. Its broker/dealer, Banc of America Investment Services Inc., settled charges today that it failed to disclose that it favored mutual funds affiliated with the...
Below is the transcript of an affidavit from a case in which Bear Stearns attempted to impose a temporary restraining order on departed broker Doug Sharon. Sharon left for Morgan Stanley on March 17 the day after J.P...
In July 2007, his firm, Bear Stearns, announced that two of its flagship hedge funds had collapsed. Not surprisingly, clients weren't too happy about that. Many of Sharon's clients contacted him to express grievances...
AIG SunAmerica Retirement Markets, Inc., named Greg Blackwell western division sales manager for the Polaris Financial Services Division. Fidelity's National Financial unit named Mark Healy executive vice president of...
The market is volatile, to say the least, and investors and shareholders are on edge. And why shouldn't they be? Between the failure of the auction-rate securities market, sub-prime woes and hedge fund and investment...
Bear Stearns can’t seem to go down quietly. The firm is facing a number of lawsuits filed by employees, investors and possibly even civil charges courtesy of the SEC.
