Q: On a periodic basis, I prepare appraisals of my clients' accounts. Some of my clients have expressed interest in continuing to receive these appraisals, others have told me that they don't review them, and a few have told me that they would...
Blame Frank Gruttadauria. A little over one year after NASD's new supervisory control rules (3012 and 3013) took effect, broker/dealers are tightening the screws on the way they supervise their brokers and advisors. Some firms have implemented...
Despite mounting sub-prime mortgage woes, hedge funds are doing better than ever. In fact, the second quarter of 2007 saw hedge funds accumulate net new assets of $59 billion, making it the industry's second best quarter on record after first...
When Bob McCann flew to Washington, D.C., on July 16 to meet with SEC Chairman Christopher Cox, it was a last-ditch effort to save fee-based brokerage accounts
Broker-dealers may get a long wished for break from the burdens of principal trade regulation for the investment advisor side of their businesses—for a little while anyway.
Last Wednesday, August 15, a DHL deliveryman uncovered over 100 animals (cats and dogs) living and dead in total squalor in the $2.4 million dollar Saddle River, NJ home owned by Merrill Lynch broker, Philip Tamis, 66 and his wife, Cynthia Stewart...