Sooner or later, you're going to get a call from a valued client that may put you in an uncomfortable situation. He will tell you that the Society for Preservation of Historically Significant Manhole Covers (an organization of which he is...
In March 2003, NASD received a customer complaint letter accusing registered representative Morton Bruce Erenstein of misrepresenting investments, recommending unsuitable transactions and converting $10,000 of the customer's investment funds...
Not The Glengarry Leads: In December, the SEC charged former San Francisco-based stockbroker Sidney Mondschein with securities fraud and regulatory violations. Mondschein was allegedly selling his clients' personal information many of them elderly...
If you thought compliance and regulatory scrutiny couldn't get any more intense, welcome to 2008. Consumer protection is expected to be the driving force behind new regulations and enforcement actions in the financial-services industry this year...
All the major firms are doing it. If you think there are better investment options for your clients, tell management in writing (and keep copies). You will be better protected in the event your firm tries to terminate you. Q: I work for a major...
Separately managed accounts are taking up a growing piece of the product-allocation pie, according to a recent study by Reuters AdvicePoint and research and consulting firm Sway Research LLC. About 10,000 advisors across all channels were surveyed...
Hunter McFarlin knew something was wrong. He quit his job selling life insurance at a small bank in Murfreesboro, Tenn., to start his own advisory practice back in 2004. At the time, McFarlin figured it would take a while before he made a profit...
Find out which market caps performed the best in 2007;
you might be surprised. Then find out how you can use this to your advantage
in 2008, and get three new stocks for the New Year.