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The Financial Planning Association will be popping the bubbly tonight. Three years after suing the SEC over the controversial “Broker Dealer Exemption” rule, a federal court has ruled that the SEC exceeded its authority in adopting the...
Brokerage firms won a round Thursday in an ongoing battle over what they can and can’t say about departing brokers on their U5 records. In Rosenberg vs. MetLife, the New York Court of Appeals ruled that MetLife had "absolute" privilege over...
Fairly or unfairly, gambling and strip clubs have always been associated with slick, fast-talking Wall Street brokers. And while most financial advisors would argue that this is nothing more than an unfortunate stereotype, the headlines continue...
Although many other states have increasingly recognized the tort of intentional interference with an inheritance, New Jersey has been slow to do so, flirting with it. Many practitioners prefer to bring the tort action rather than a straight undue...
Today, our subscribers will receive an invitation to fill out Registered Rep. magazine’s annual Compensation Survey. It's confidential and important. You can read a copy of the letter by clicking on the title.
One of the last claimants from the 1997 class-action discrimination lawsuit against Merrill Lynch collected her reward late last month. Separately, Morgan Stanley has confirmed that it settled with over 3,000 claimants but would not comment...
RBC Dain Rauscher is in acquisition mode. The Midwest regional is set to purchase New Jersey-based J.B. Hanauer, an employee-owned firm with $10 billion in assets under management.
Financial planners who hold the Certified Financial Planning designation have been tussling with the CFP Board, which controls the CFP designation, over the designation’s ethical standards. Well, it looks like the tussling will continue.
It’s not exactly on the scale of the Hundred Years War (which actually lasted 116 years), but legal battles of Hydie Sumner, the former broker who won $2.2 million from Merrill Lynch in a discrimination lawsuit, just don’t seem to end.
