On Thursday, the NASD slapped a small independent broker/dealer with a $50,000 fine and sanctions for overcharging more than 1,500 customers who decided to follow their brokers to another firm. McLaughlin, Piven and Vogel Securities, a New York...
The NASD today made a statement: Brokers who try to game the system will be severely smote. Today the NASD fined Paul Saunders, a registered rep, CEO and majority owner of James River Capital Corporation (JRCC) in Richmond, Va., $2.25 million...
The rift in the investment-advisor industry came into sharp focus Tuesday, when the CFP Board announced that it has put off making proposed changes to its Code of Ethics until January 2007 in order to consider the heated reactions of industry...
Education and networking were on order at the annual Financial Planning Association conference in Nashville, Tenn., this weekend. But inside the garish, biosphere-like Gaylord Opryland Resort and Convention Center outside Nashville, larger...
Although the tenant-in-common (TIC) market continues to rake in a staggering amount of money, the industry finds itself in the throes of some major changes.
The third quarter shaped up pretty well for the retail brokerage divisions of the big Wall Street firms. Despite a continued rough market environment in June through August—with gains of just 1 percent on the S&P 500 and the Dow Jones...
In our litigious times, prenuptial agreements are becoming "wackier" and more prolific than ever. Some husbands, according to a survey by the American Academy of Matrimonial Lawyers and described by the New York Post, are even spelling out "how...
Ever since Warren Buffett announced his intention to give away a massive chunk of his fortune in June, advisors say they have noticed an increased enthusiasm for philanthropy among wealthy investors. But that enthusiasm may not be finding adequate...
Another assault on deferred compensation fails. After going two for three in a unique tug of war involving both the arbitration and court systems, former Smith Barney broker James McCarthy is likely throwing in the towel in three-year fight for...
