With some one million odd fee-based brokerage accounts holding $300 billion in assets now legally considered advisory accounts, brokerage firms face the daunting task of deciding (quickly) what to do next.
Misleading the Military: NASD fined two Fidelity b/ds $400,000 for preparing and distributing misleading sales literature that promoted Fidelity's Destiny I and II Systematic Investment Plans, which were primarily...
The SEC isn’t going to fight the March 30 D.C. Court of Appeals ruling that vacated Rule 202, the broker/dealer exemption (a.k.a. the Merrill Lynch rule)—they’re just asking for a little mercy for...
Add A.G. Edwards to the long list of firms that have been fined by the SEC for long-ago failures to supervise brokers who deceptively market timed mutual funds.
Remember the bear market? Remember how ugly that was, in 2002 and 2003, when the securities industry was lopping off employees and in a general state of defense? We can’t either. The post-bubble good times just...
A falling Greenback has been hard on American vacationers abroad but good for international investments and exports. Now that the buck is near its all time low, is it time to bet on a rebound?
The SEC is feeling lobbyist pressure from both sides as it prepares to either appeal or let stand the March 30th ruling by a Federal Court of Appeals that vacated the “Merrill Lynch” rule.
If you’re like most registered reps these days, you’ve got some portion of your clients in a fee-based compensation arrangement. And, no doubt, you’ve been selling yourself as a full-service, top-to...
It used to be that ETFs were linked to some broad market, cap-weighted index simple as that. These days, ETFs come in all kinds of flavors, leveraged and inverse, commodity and currency as well as other ETFs ones that...
