John Churchhill

The past year's earnings troubles belie the brokerage industry's sunny prospects for 2005, according to the SIA's Frank Fernandez. SIA figures for 2004 show dreary pretax profits of $19.5 billion, a 19.1 percent drop...

For years, many opponents have seen the notion of Social Security privatization as a thinly veiled make-work project for Wall Street. Trillions of dollars, they said, would flow into stocks and mutual funds, producing...

Janney Montgomery Scott, one of the country’s oldest regional broker/dealers, has announced plans to buy Parker/Hunter, a small independent b/d-investment bank based in Pittsburgh.

Dennis Herula, the 59-year-old former Raymond James Financial Services broker who lavished himself with homes and other gifts using millions of dollars stolen from clients, was sentenced to 16 years in federal prison...

Saying it’s just as impermissible to make directed-brokerage payments as it is to receive them, the NASD charged American Funds—one of the country’s most reputable asset managers—with paying...

Irene Bann's tenure as a Smith Barney broker is full of lessons for the reps of today, but perhaps none is so important as her approach to overcoming adversity in her career and in life. You just get on with it, she...

Making a profit in smaller qualified retirement plans has been difficult for advisors because of high costs. However, it's gotten easier in the past couple years, thanks to the emergence of shares, or retirement...

It seems so trivial, just a turn of phrase: Can Series 7 stockbrokers bill themselves as financial advisors without getting a Series 66, the license that technically separates advisors from salesmen? Since 1999...