Working as a financial advisor is a pretty sweet gig. A recent survey conducted by Money magazine and Salary.com ranked financial advisor as third-best job in the U.S., behind software engineer and college professor...
Last year Americans spent all of their money, and then some, buying stuff: The U.S. personal savings rate fell to -1 percent, its lowest level in 73 years, according to a February report from the Commerce Department...
Plans for the NYSE/NASD regulatory consolidation are moving quickly toward a projected April 2 deadline. If approved by the SEC, the new single self-regulatory organization (SRO) would bring all broker/dealers under...
A disgruntled YouTube subscriber, who goes by the screen name has posted a video that parodies Ameriprise's baby boomer retirement campaign. The mock ad shows a montage of 20- and 30-year olds surfing, rocking out and...
Sixty-nine brokers left Smith Barney Friday, Feb. 16, just ahead of the three-day weekend—a fact confirmed by the brokerage firm. Fridays before a long weekend are historically prime time for unhappy brokers to...
An SEC commissioner today said that asking broker/dealers and investment advisory firms to waive their legal right to attorney-client privilege in order to speed up the pace of enforcement investigations is shortsighted.
"Parking" a Series 7 license at a broker/dealer when you're not performing any brokerage functions for the firm has been a longstanding -- though illegal -- practice on Wall Street. Firms have used under-the-table...
On June 12, 2004, Miguel Garcia lost his job at Smith Barney. It brought an abrupt end to a stellar 10-year stint with the firm. The day was unusual from the very start, he recalls. Despite the market being closed for...
Flows to U.S. hedge funds are expected to slow this year as investors seek out greener pastures overseas, particularly emerging markets. According to the Deutsche Bank AG’s 2006 Alternative Investment Survey...
