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.
A protracted legal action against Merrill Lynch may finally be seeing the end or at least the beginning of its end in the next few months. Arbitration hearings stemming from the large class-action lawsuit filed against Merrill in 1998 for gender...
The commotion surrounding the salacious e-mails of the equities-research scandal is starting to subside, but that doesn't mean it's safe to forget about them altogether. In fact, at least one important implication went largely unremarked upon and...
The NASD says its core mission is ensuring market integrity and investor confidence goals few in the industry have trouble supporting. Trouble is, in its pursuit of its consumer-protection mission, the NASD often gives short shrift to the equally...
A broker sued by a client typically has a lot of questions about rights and responsibilities. But none is more important than: Who is liable for my defense and for the possible damages that follow? What we're talking about here is indemnification...
New rules, legal precedents and a willingness of hiring firms to negotiate non-compete and non-solicitation clauses in contracts can give brokers more options.
Badges? We ain't got no badges. We don't need no badges. I don't have to show you any stinking badges. So go the famous lines from The Treasure of the Sierra Madre, the 1948 Humphrey Bogart movie. This might as well be a quote from the NASD these...
