Prudential Responds The July issue of Registered Rep. magazine features a story entitled Chip Off the Old Rock which suggests Prudential Securities brokers are having an especially troublesome time in these difficult market conditions. We believe...
It's a wonder that any brokers are dragging their feet when it comes to adopting wealth management strategies. After all, wealth managers reported a 9.3 percent increase in revenue in this diffiult past year, according to our recent study of 4,106...
Time was when being a bank broker could get you called a lobby loser. Real brokers worked at wirehouses and regional broker/dealers. But recruiters say that image is changing. The old perception that those working for a bank are class-B brokers is...
Tired of being harangued by a guy who tells bad jokes and has been out of the business for 20 years, while sitting in a stuffy room choking on stale doughnuts? Royal Alliance thinks there's a better way to do seminars. The independent broker...
If there is one thing lower on the food chain than a broker, it's a wholesaler. As a managed account wholesaler, my job was to drag myself (and pounds of propaganda) around the country, trying to squeeze in as many meetings a day as I could. I led...
The stock market may be sickly, but plenty of Ken Richard's clients face painful capital gains tax bills. A registered financial consultant at Kara Financial Services in St. Paul, Minn., Richard advises longtime employees of such Minnesota blue...
As we are reminded all too often, investor confidence in the U.S.'s financial markets may be at a low unseen since the Great Crash. You've got your outright frauds (the Enrons and WorldComs), your bankruptcies (Global Crossing) and even some good...
Need help with compliance? The NASD wants to help you help yourself. The regulator launched a Web page called Improving Examination Results (nasdr.com/5200_improving_results.asp) designed to keep you and your firm up-to-date on the latest rules...
What did they know and when did they know it? That's the question being asked by government regulators about corporate insiders who sold massive amounts of stock. The answer can help distinguish between simple profit-taking and outright fraud. To...
It's February 1982, Ronald Reagan has logged one year in office and his treasury secretary is former Merrill Lynch CEO Donald Regan. Six months before the birth of the bull market, the economy is still hamstrung by slow growth, high interest rates...
