Congregation Con man: James Upshaw didn't need fancy performance charts in order to convince 144 people to entrust him with a combined total of $3.2 million he just assured them his financial advice came directly from...
After stepping into the ring last spring with California Attorney General Bill Lockyer over fund disclosure practices, American Funds recently knocked the AG on the canvas; Edward Jones, another Lockyer target, hasn't...
For the first time in its 68 years as a self-regulatory organization, the National Association of Securities Dealers sued the Securities and Exchange Commission over a right it was never granted. Guess what? It lost.
According to Chinese astrology, 2005 is the Year of the Wood Rooster a year marked by prosperity, both spiritually and materially. Under this zodiac animal system, much of the world's population should have...
According to rank-and-file reps surveyed, UBS brass did a lot of things right this year and can take a bowand then quickly straighten up and fix the rest of what reps say is still ailing the firm. The big Swiss...
Having trouble convincing clients that the equity market isn't such a wild place? Give them a quick history lesson: Turns out that the past two years have been some of the least volatile since 1996, according to a...
Hackers Beating the Market: The SEC is suing Estonian investment bank Lohmus Haavel & Viisemann of Tallinn, Estonia, and two employees, for gaining access to more than 360 press releases on U.S. companies before...
Merrill Lynch and Smith Barney—both set to close their respective acquisitions of Advest and Legg Mason on Dec. 1—continue to see the booty they bought walk out the door. The purchases would have added...
With only two weeks left before Merrill Lynch closes its deal to buy Advest Group—the deal is scheduled to close on Dec. 1—top reps at the Hartford, Conn.-based firm continue to run for the exits. This...
Merrill Lynch has proffered retention packages to newly acquired Advest Group's financial advisors, and according to industry observers, the packages are having their desired effect. I think it will do largely what it...
