Practice Management

The SEC isn’t going to fight the March 30 D.C. Court of Appeals ruling that vacated Rule 202, the broker/dealer exemption (a.k.a. the Merrill Lynch rule)—they’re just asking for a little mercy for firms that have to adjust. The...

WASHINGTON, D.C. – Speaking at the 49th annual Investment Company Institute general membership meeting, NASD Chairman Mary Shapiro told mutual fund executives she sees better regulation of investment products as a result of the expected...

Crooks come in all shapes and sizes—even, apparently, in the guise of SEC examiners and staff. The SEC issued an alert Thursday to securities industry firms, warning them to keep an eye out for impostors—individuals pretending to work...

Today the Securities Exchange Commission announced Morgan Stanley will pay $7.96 million and penalties to settle the SEC’s charges against the firm for failing to provide best execution to clients. More specifically, the SEC charged Morgan...

Myrtle Beach: "Your research on the affluent cites personal service as one of the top criteria impacting client loyalty," said Holly, who then posed an excellent question, "but isn't this rather basic? You would think every advisor strives to...

Add A.G. Edwards to the long list of firms that have been fined by the SEC for long-ago failures to supervise brokers who deceptively market timed mutual funds.

A lot of advisors, even the most reputable, groan when the word is uttered. Let's talk ethics, is like being told, Let's eat steamed broccoli. Sure, it's good for you, but yech. Well, if you want spice, look at the headlines. There have been lots...

Oy. What a headache. That's what many Series 7-carrying advisors are saying about the prospect of the end of the Merrill Lynch rule.

Tracy Wallace, an advisor working for a small RIA, is seeking a way to rev up his marketing and expand his book of business.