The industry is changing—and you’d better be prepared to change with it. That was Bob McCann’s message to attendees of SIFMA’s 30th annual Sales and Marketing conference in New York City this...
In its fall 2005 debut on the New York Stock Exchange as an independent company, Wall Street had little enthusiasm for Ameriprise Financial. Its shares were greeted with a yawn, sliding more than 2 percent after the...
Foreign companies are certainly thumbing their noses at U.S. exchanges these days. The number of American Depository Receipts listed on U.S. exchanges peaked in 2001 at over 600, and has been in decline ever since...
Industry consultant Mark Tibergien has joined Pershing Advisor Solutions as CEO and a member of its executive committee. Prior to joining Pershing, Tibergien was principal at the accounting and consulting firm, Moss...
Independent advisors aren't feeling so hot about the U.S. economic or political landscape. About 33 percent of those polled by Schwab Institutional in July said the S&P 500 won't rise in the next six months, while 66...
The countdown to dooms—uhh, the deadline for complying with repeal of the broker/dealer rule is creeping onward with less than 10 days left. Since the court ruling in March, some of Wall Street’s largest...
It only took eight years, but the SEC and the Board of Governors of the Federal Reserve System passed final rules this week defining how banks can act as securities brokers.
Ever wonder what a rocky market does to a New York broker? Well, if you were at the city’s swanky uptown Equinox Gym last month, you might have seen one heave a fellow gym member (and bike) into a wall. Okay, so...
NEXT Financial Group is in the hot seat again. The Securities Exchange Commission issued an Order Instituting Cease-and-Desist Proceedings against the independent broker/dealer late last month.
In January, Smith Barney brokers may be the first to cash in on overtime lawsuits that have been all the rage over the last two years. A Northern District of California judge approved the allocation of $98 million in...
