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.
It hasn't been an easy introduction to the brokerage business for Jody Carmack, let alone any of his classmates who started training at Edward Jones in January of 2001. But after knocking on door after door, Carmack says it is finally begun to...
When a business partnership is new and everybody is toasting the new team, nobody thinks much about the legal agreements the partners just signed. In the subsequent months, even years, these documents tend to gather dust in a drawer. However, once...
The last couple of years have been hell on anyone who owns stock. And someone must pay. Rightly or wrongly, that person typically is you. Case in point: the rate of NASD arbitration cases is expected to increase nearly 35 percent in 2002 compared...
In this market, it is no wonder that customers are looking to recover losses any way they can. Even clients responsible for their own lousy picks are trying to pick the deep pockets of brokerage firms, claiming that they never would have racked up...
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...
