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Michael Forman

Michael’s Recent activity

Merrill and Schwab Set Sights on U.K.
Aug 01, 2000
Merrill Lynch and Charles Schwab are jockeying for position to capture the small but growing share of the U.K. retail market.Although neither firm is officially discussing its plans, both have strategies in place that...
Canadian Snowbirds' Money Frozen by SEC Inaction
Apr 01, 2000
In March 1999, in response to requests from the Investment Funds Institute of Canada (IFIC), the SEC published for comment a rule that would grant registration exemption to Canadian brokerages handling the accounts of...
Merrill Lynch, Nesbitt Burns in Online Race
Mar 01, 2000
Merrill Lynch Canada and its homegrown competitor Nesbitt Burns are racing to see which firm can deliver more online services first.Merrill, which this past summer unveiled unlimited online trading to fee and discount...
Retail Trading Surge Stresses Canadian Advisers, Firms
Mar 01, 2000
Since early November, a frenzy of retail investing activity has hit Canadian firms hard. While the surge has been felt most by discounters, ramifications are rippling throughout the industry.The rush came in the...
New Year's Rush Causes Registration Delays, Gripes
Mar 01, 2000
A rush of new millennium registration activity clogged the NASD's Web-based CRD system, launched this past August.The combination of heavy traffic, particularly during the first week of 2000, along with existing...
Regulators Propose Planner Competency Test
Feb 01, 2000
Canadian securities regulators released a long-anticipated proposal to create a uniform standard for financial planners.The proposal, floated in late December, aims at eliminating confusion among consumers by creating...
Canadian Financial Advisers Oppose New Regulations
Jan 01, 2000
Canadian financial advisers are up in arms over a proposed regulation they say will compromise their ability to give independent advice.Members of the Independent Financial Services Brokers of Canada, which represents...
Across the Pond
Nov 01, 1999
America and Great Britain, as the old saying goes, are separated by an ocean and a common language. Add to that another difference--the way people in each country handle their money.In the United States, dollars...
Firms Seek Regulatory Relief for Online Trades
Aug 01, 1999
The online trading craze has sent a group of Canadian broker/dealers in search of regulatory relief. Saddled by what they say are overly strict suitability rules, the Canadian brokers want provincial regulators to...
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