Name: Camilla Neri Firm: Retirement Capital Strategies (LPL affiliate) Location: San Jose, Calif. AUM: $200-plus million (out of a total $400 million for the group) Clients: 200 fee, 200 commission Industry experience: 27 years Cam Neri considers...
The Pension Protection Act (PPA) of 2006 is considered the most monumental pension legislation since Gerald Ford signed ERISA into law back in the 1970s. After all, the PPA is good for everyone: The automatic enrollment will get more employees to...
The broker protocol just got a lot more inclusive. The exclusive pact between several wirehouse and broker/dealer firms stipulates that the firms will refrain from taking legal action when their brokers switch to other signatory firms and take...
From: Brad Zigler, Senior Certified Retirement Asset Manager (SCAM) Subject: Cash out of those CDs. Dump those underperforming mutual funds. The real money is in sports derivatives. Get in on the ground floor. Ed note: From the heart of the Cactus...
A Feb. 27 research report from Wall Street Strategies had mostly positive things to say about Morgan Stanley like record revenues and net income in 2006. But the report took issue with CEO John Mack's liberal use of the firm's flying fleet: We...
Inside Job The SEC charged 14 people in March in what one SEC official described as the biggest insider-trading scheme since the days of Ivan Boesky and Dennis Lavine. Netting more than $15 million in illicit profits on thousands of trades, the...
Structured products are winning more fans in the U.S. Sales of the hybrid securities grew 33 percent in 2006, to $64 billion, according to Incapital. And demand is almost unanimously expected to increase over the next one to two years, according...
The Financial Planning Association will be popping the bubbly tonight. Three years after suing the SEC over the controversial “Broker Dealer Exemption” rule, a federal court has ruled that the SEC exceeded its authority in adopting the...
Brokerage firms won a round Thursday in an ongoing battle over what they can and can’t say about departing brokers on their U5 records. In Rosenberg vs. MetLife, the New York Court of Appeals ruled that MetLife had "absolute" privilege over...
