Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
Firms love deferred compensation. After all, it is your money they are deferring, not their own. Just try asking your firm to defer taking its share of your gross commission. These golden handcuffs give you added incentive to stay at the firm, if...
Nancy Zanolini, 57, a semi-retired art gallery manager in suburban Sacramento, Calif., had been eagerly awaiting July 2002 for months. That's when arbitrators were to have been appointed to resolve her claim of $200,000-plus in losses due to...
Understandably, the losses of brokerage clients have gotten all the headlines. But the truth is that the bear market has also devastated many careers in the investment advisory business. As investors headed for the sidelines, many brokers saw...
In the Great Buying Panic of the 1990s, investors abandoned common sense and placed their bets and they got killed. They took as real the illusions spun by an SEC-led regulatory regime: Equal opportunity for all, unadulterated financial reporting...
In these trying times, many reps feel a financial pinch. For some, the simplest route is to max out their credit cards; others take a second job. However, many will turn to family and friends for a loan. Unfortunately, many a is also a and...
Consider this: Two years ago you worked for XYZ broker/dealer's Westchester County, N.Y., branch. After a short stint, you moved to another firm, with an unblemished record. So why is the NASD demanding your presence at an on-the-record interview...
Setting up retirement plans for your business clients can be risky. Nevertheless, there's a recipe for protecting yourself from unpleasant surprises. In the past two decades, registered reps have helped business clients establish thousands of 401...