In an effort to speed up the arbitration process, NYSE Regulation proposed Wednesday that a single public arbitrator decide cases in which compensatory and punitive damages claimed are under $200,000.
Brooke Astor, the famous New York City socialite and philanthropist, reportedly suffers from Alzheimer’s and no longer can comprehend anything of a financial nature, according to news reports.
The overtime-pay case keeps getting stronger. On July 31, a California court announced that it would not dismiss an overtime-pay case brought against A.G. Edwards under a Depression-era law that was crafted to protect blue-collar workers.
New York Stock Exchange Regulation handed down a $900,000 fine to A.G. Edwards today, marking the regulator’s first fine for abuses in fee-based accounts. The firm was also charged with failure to supervise staff, including one particularly...
there is a tendency to approach June, July, and August as three months where we are more reactive, only to realize in the middle of August that there are real limitations to that approach.
The U.S. Senate passed the Pension Protection Act, which lawmakers hope will spur businesses to improve existing employer-sponsored retirement plans, on Thursday. There is also a special gift to financial advisors in the bill, which passed the...
Brokerage firms have long managed assets in employer-sponsored retirement accounts, but offering specific investment advice to individual plan participants has always been off-limits to reps. That could change very soon. According to the rules of...
Today, the SEC announced that it would officially conduct a study to see if allowing the so-called “Merrill exemption” did in fact confuse retail investors or not. So, the exemption is again being investigated.
Rick Frueh, chairman and CEO of GunnAllen Financial, an independent full-service brokerage firm in Tampa, Fla., has been busy of late poaching senior managers from rival firms.
