In the first settlement of its kind, the NASD hit Raymond James with a $750,000 fine Wednesday for improperly putting certain clients in fee-based brokerage accounts. The NASD said Raymond James Financial will...
Sometimes it pays to take on securities regulators, despite their financial and legal heft. Consider the case of Charles Elliott. In a rare victory for a broker in a settlement dispute with the SEC, Elliott last week...
Broker/dealers and their reps may get a big break on point-of-sale disclosure if the Securities and Exchange Commission heeds recent NASD advice. In a report issued Monday, an NASD task force recommended that b/ds and...
Tax planning for estates took a hit in 2001 when the White House decided to repeal the estate tax in 2010. But business is back. As the debate drags on over whether to make that repeal permanent, advisors and...
If there's one thing that irks reps about American Express Financial Advisors, it is the way the firm keeps changing its rules. Since launching its unique three-tier career-track system in 2000, the company has...
The saffron-colored erected in New York's Central Park by the artist Christo was recently cut down to size, literally, by 50-year-old Geoff Hargadon, a UBS broker. Hargadon, a resident of Somerville, Mass., created 13...
As one A.G. Edwards financial advisor sees it, regulators and broker/dealer management have gone overboard with mutual fund disclosure. Take the case of the B-share class of mutual funds. Right now, B shares are the...
The recent flurry of mutual fund-related punishments from the SEC is likely just the beginning of a coming avalanche of similar regulatory actions, legal experts say.
