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Chung Wu, the former UBS PaineWebber broker who was fired after sending e-mails in August 2001 suggesting clients sell Enron stock, has sued PaineWebber.
FEATURES Beware the 529 Hype pg.9 Some advisors are suggesting it, but treating this college savings plan as a pure wealth-transfer vehicle is risky. By Susan Hansen, contributing writer The 800-lb Gorilla pg.14 The latest IRS stats confirm what...
This Spring when I was still an editor at Corporate Counsel magazine, I had lunch and a wide-ranging conversation with a famous white-collar criminal defense lawyer. Just as this attorney was finishing a chopped salad, he confessed that the...
I recall a 1998 Life in Hell cartoon by Matt Groening. ÒDo you sincerely want to live forever at a price you can afford?Ó reads a sign. ÒThen bring your head down to Akbar Ôn JeffÕs Cryonics Hut. Where the elite beat the...
At least two things are certain about the new 529 college savings plans: The financial services industry loves them, and they’re generating all kinds of media buzz. But despite all the hype, 529s probably are not a magic new wealth-transfer...
Executives at SIA's Retail Management Conference in Chicago this week said they haven't done enough to help reps make what they see as a necessary transition to a fee-based advisory business for wealthy clients from a transactional business. "We...
The gloves are off. Speaking at SIA's Retail Management Conference in Chicago, James Gorman, president of Merrill Lynch's private client group, directed blunt comments at those who imply that Merrill and other big wirehouses are "boiler rooms."...
