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.
There is a feeling among employees of small broker/dealers that regulators have it out for them. Some small b/ds (defined as fewer than 100 reps) won't go so far as to say regulators want to drive them out of business on purpose, but agree that...
Just how good are branch office managers and OSJs at supervising their FAs? While investor complaints received by the NASD have been climbing since 2002, "failure to supervise" arbitration cases have been falling steadily.
As any branch manager or OSJ will tell you, being the "head rainmaker" isn't what it used to be, what with the ever-increasing regulatory demands devouring ever more quantities of time and energy. If that weren't enough, many BOMs face yet another...
Today, the regional director is a marked man; it's not necessarily a role poised for extinction, mind you, but their ranks will be seriously culled. At least that's what some analysts and branch managers think (and some hope) is going to happen.
At a time when the once-coveted job of branch office manager has become an obstacle course of administrative red tape and regulatory stumbling blocks, there may be a new hurdle on the path for branch managers at Wachovia Securities.
