THIS MONTH'S CONTESTPRIME 907 The number 907 is prime. It has no factors other than one and itself. To prove that 907 is prime, you must check to see that it not divisible by any other number, beginning with 2, 3, 5, 7 and so on. The challenge...
In a story titled, Managing Managed Futures, in our September issue, there were errors in Tables 1 and 4, on pages 67 and 68. In Table 1, all of the returns listed under S&P should have been negative. In the left-hand column, six return entries...
When Stella Bray and David Wisehaupt had an opening on their $1 million team at Merrill Lynch in 2006, Julie Fox jumped at the opportunity. I wanted the chance to work on a big team, and with FAs who had a lot of potential, who were really driving...
Sales of long-term care annuities, a kind of insurance against long-term care, have been declining this year. But industry watchers expect that trend to reverse in 2010, when new federal rules kick in. Starting next January, no federal income tax...
The Securities Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) announced Wednesday that they expect to release a report within two weeks that explains the regulatory responsibilities of each agency and recommends...
The Financial Times suggests the way financial products and services are sold need to be completely overhauled. “There is an unhealthy focus on products that sell to advisors, rather than ones clients need.” Editorial on
On January 1, 2010, clients who were previously unable to convert their retirement accounts into Roth IRAs will be allowed to do so thanks to the Pension Protection Act of 2006. But many clients don’t understand what that means for them. Now...
The SEC charged former GunnAllen financial advisor Frank Bluestein with fraud, alleging that he lured elderly investors into a $250 million Ponzi scheme conducted through E-M Management Co. According to the complaint, over a five-year period...
