The NASD, acting on a tip acquired during an investigation, has sent several brokerage firms word that it has discovered brokers are not providing earned discounts to mutual fund investors, therefore overcharging them.
Opponents of Salomon Smith Barney's CAP plan, a deferred compensation plan that requires employees to contribute wages through payroll deductions to purchase restricted shares of company stock, have been shot down...
The topic of sex discrimination at brokerage houses is a sensitive one in the industry. While many would like to think it's an ancient issue, sexual misconduct remains a powerful thorn in the industry's side...
American Express Financial Advisors, through its 7,000 independent brokers across the country, is going on the recruiting warpath. The firm is trying to get less experienced brokers, including those that have been...
In a downturn, some firms scramble to get out of the business. Case in point: The sale of CIBC Oppenheimer's retail brokerage and asset management business to New York-based Fahnestock Viner Holdings, for $257 million...
The day after his retirement in December, Edward Jones broker Jim Goodknight, 60, headed to the lake by his home in Joplin, Mo., to spend some well-deserved time fishing. Seeing him alone, surrounded by silence, it...
Opponents of Salomon Smith Barney’s CAP Plan, a deferred compensation plan which requires employees to contribute wages through payroll deductions to purchase restricted shares of company stock, have...
The Securities and Exchange Commission, an institution under fire, and with a large job ahead, may finally have a new chairman. A month since embattled former chairman Harvey Pitt resigned, President Bush announced...
The landmark Sarbanes-Oxley Act–passed this summer in the wake of the deluge of Enron and Worldcom-like scandals–was hurriedly put together, and much of the corporate world was left reeling...
