A federal judge in Vermont has ruled against Merrill Lynchs attempt to prevent two former brokers from contacting clients they held while at the firm. Merrill had requested a temporary restraining order after the brokers left its Burlington, Vt...
National Financial Partners (NFP), the national distribution network of independent registered investment advisors, is set to go public imminently. Last month, the Manhattan-based firm filed its S-1 registration statement to the Securities and...
New rules, legal precedents and a willingness of hiring firms to negotiate non-compete and non-solicitation clauses in contracts can give brokers more options.
Brokers hoped that the Spitzer settlement would put the conflict of interest scandals in the past. Too bad retail investors have such long, bitter memories.
Iraqi Information Minister Mohammed Saeed al-Sahaf (known for his ridiculous denials) ran a brokerage firm The sales assistants have not been fired. Those metal cabinets with files are sales assistants, and every rep has at least one. The public...
What is the typical affluent investor doing with his money in this down market? A recent study from Chicago-based Spectrem Group attempted to answer that question with a survey targeting investors with more than $500,000 in investable assets. The...