News

Check out this posting by a wannabe broker who asks if it's cool to date hot, rich clients.

ALBANY—On Tuesday, the New York State Court of Appeals heard the appeal of Chaskie Rosenberg, a registered rep who was fired in 2003 by Metropolitan Life Insurance. The court’s decision could have a major impact on New York laws about...

The Treasury Department and Internal Revenue Service are expected this week to adopt a rule change that effectively kills the use of private annuity trusts to postpone taxes on the sale of appreciated property.

We, the editors of Registered Rep. magazine, are officially opening our annual hunt for the best in the business. That’s right, we’re asking for nominations for the 2007 Outstanding Advisor Awards (formerly the Outstanding Broker...

The NASD announced today it fined three mutual fund distributors a total of $700,000 for violations of its non-cash compensation rules. One firm’s activity list for a Saturday training session—when no education and training events were...

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.

Among other initiatives for 2007, Morgan Stanley is planning to upgrade its financial-planning offering for retail advisors—and apparently it’s overdue.

Advisors who hold certain obscure professional designations may want to think twice about touting their alleged specialties on their business cards, mailings or other advertisements—at least in the state of Massachusetts.

Merrill Lynch has announced that it will offer fat bonuses for increased production from either fees or commissions in 2007. But, only certain brokers are eligible

Wall Street seems to have cleaned up its act. Or maybe it's just that people aren't losing buckets of money in the stock market anymore.