Less than 10 years after they settled the infamous boom-boom room case, Smith Barney is being sued for discrimination again. The new case, Fassbender Amochaev v. Citigroup Global Markets, Inc., d/b/a Smith Barney, was filed in United States...
NASD has been watching for brokers and firms who borrow from clients, agree to share losses or settle disputes privately
New York's highest court will soon decide whether a brokerage employee can contest the language an employer uses in the Form U5
SEC Busts Another Ponzi: The SEC filed securities fraud charges against Salvatore Favata, the former president of National Consumer Mortgage (NCM), a California company that held itself out as a residential mortgage broker. The complaint alleges...
If a client insists on liquidating part of her portfolio, particularly assets that are heavily concentrated, it's very risky to ignore her request
Some advisors have long ignored parts of ERISA when consulting participants of 401(k) plans. Now they don't have to. Still, the Street is confused over what the new pension laws really mean when it comes to reirement advice
Scrappy independent b/d's are swinging back against an NASD regime that they say has beaten them down and largely ignored their concerns