In this section we present key findings and insights from our survey questions on practice management and operations, including services offered, the most time-consuming activities, professional designations, custody relationships and documentation trends.
WHEN RAYMOND RIVAS first walked into the LPL offices, where he was being courted to join the firm, he was greeted by a handsome, well-dressed man about 15 years his junior.
WHEN YOU DECAMP one brokerage for another, your firm can say anything it wants about you on your Form U5 even if it's a lie, even if it's defamatory, just to punish you.
As a former communist, I am highly trained to detect the early signs of an approaching revolution. It is well known in former communist circles that unmet expectations and a sense that one is being exploited are necessary preconditions for any...
The SEC is feeling lobbyist pressure from both sides as it prepares to either appeal or let stand the March 30th ruling by a Federal Court of Appeals that vacated the “Merrill Lynch” rule.
Hydie Sumner’s ongoing battle with Wall Street took a new twist on Wednesday. It’s been ten years of legal wrangling with her former employer, Merrill Lynch. But today it’s another firm at the center of the Sumner drama—...
Wall Street: zero. Women: five. Or is it six? It’s not easy keeping track of the gender discrimination suits filed by female advisors against their firms over allegedly piggish working environments. (Well, wait, it’s not always women...
The lawyer for a former Merrill Lynch broker has accused an NASD arbitrator of deciding a key part of the broker’s case before he even had a chance to offer his arguments.
News reports this week that Citigroup is set to merge 30 more offices should not come as any surprise. Although the firm wouldn't comment, Citigroup's closing of Smith Barney branches would follow trends at other Wall Street firms, such as Morgan...
