The volume of new regulations targeting the securities industry has left reps feeling a bit picked upon particularly independents, who have no real organized way to have their voice heard in the legislative process. The Financial Planning...
Given a choice between tweaking a money market investment strategy and playing Scrabble with a compliance officer, a surprising number of advisors would choose the board game. Money market funds are that dull, that uninviting. This doesn't need to...
The front lines of the war on terror, it turns out, are the cramped offices of compliance officers across the country. The USA Patriot Act has made this so, mainly through its much-debated Section 326, which essentially pumps up traditional know...
If predicting the future is hard, choosing a money manager who will outperform the market and his peers is doubly so. For proof of this fact, look no further than Morningstar's rating system: Five-star funds as a group do not outperform going...
Edward Jones has been hit with a fine of $2.7 million by the NASD, which ruled in an arbitration hearing that one of the firm’s brokers overloaded a client’s account with unsuitable investments on margin. William and Jean Torrence...
Former Smith Barney broker Phil Spartis, who was responsible for overseeing the options exercise program for WorldCom employees, has been cleared of a charge brought against him by the New York Stock Exchange for failure to cooperate with the...
Looking for a way to grow your financial advisory business? Target Hispanics, since as a group, Hispanics are woefully underserved by the financial services industry. With rising incomes and a growing population (now at 40 million), Latinos are...
WASHINGTON, D.C.—Investors angry about mounting evidence of mutual fund trading irregularities have nothing on Raymond James chairman and CEO Tom James. “It’s fraud, plain and simple,” James says of the after-hours and...
