John Churchhill

When it comes to advice, New Yorkers are givers, not receivers. According to a recent survey by Charles Schwab & Co., Big Apple denizens are secure in their abilities to find a cab on a rainy day (56 percent) and to...

The FPA hopes to have an earlier ruling by the SEC dismissed that allows registered reps to call themselves financial advisors.

It used to be that the NASD’s continuing education requirements covering regulatory issues were for reps that had recently gotten their Series 7 licenses. But, effective this month, the NASD is sending everyone...

On Wednesday, the SEC unanimously voted to allow Series 7 holders—registered reps—to position themselves as financial advisors—with certain caveats. But, once again with the “broker/dealer rule...

Over the vociferous objections of fee-only financial planners, the SEC voted unanimously today to adopt the broker/dealer exemption rule.

The good news for high-net-worth hunters: A large subset of affluent clients self-directed investors tend to be nonplussed by their current advisory relationship. The bad news: Inertia has a strong pull on this group...

An NASD arbitration panel ordered Merrill Lynch to pay more than $1 million to investors Gary and Lisa Friedman last month for hiding conflicts of interest and issuing fraudulent research. According to the award, the...

Ron Galen, a California-based financial planner, struck out in his bid to purchase Jose Canseco's 2000 World Series ring one of a host of memorabilia items the disgraced former slugger had placed on the block. Canseco...