With the tax benefits of 529 college savings plans set to expire in 2010 several financial services firms have announced the creation of a lobbying group to make sure that Congress does the right thing – making the tax-free savings...
Merrill Lynch, continuing to attract talent to its upper tier of brokers serving clients with more than $10 million in investable assets, bagged a big gun in the last week. Michael Russ, a large producer who oversees several billion in assetsâÂ&...
In a little-publicized move, the NASD has formed a Public Information Review Initiative, which would radically expand investors’ access to information about brokers.
According to a report from Celent Communications, the effects of prolonged market difficulties and last year’s Wall Street scandals are forcing a transformation of traditional retail brokerage firms.
This poses a big problem for Wall Street firms, who often send lawyers from HQ in New York to respond to arbitration claims and to handle related legal matters.
