Education funding, the subject of Registered Rep.'s cover story this month, is only one reason to put aside funds for a child. Funds put into a minor's account of the proper type can be used not just for education, but for support of the child...
The year 1974 would have to rank up there as one of the least auspicious years to start a money management firm. After all, the U.S. economy discovered a new phenomenon stagflation and the stock market reflected that unhealthy economic condition...
Fee-based business at retail brokerage firms is booming. The percentage of retail brokerage firms moving from per-trade commissions into new fee-based arrangements has almost doubled in the past two years, going from 28.7% in 1999 to 50.2% today...
Saying that the anthrax scare has caused an increase in bio-hazard-type “investment scams,” the SEC secretly launched a Web site designed to warn investors about stock market scams. The Website, www.mcwhortle.com, hawking a handheld...
Edward Jones finished No. 1 in Fortune magazine's annual list of the 100 Best Companies to Work for in America. This is Jones’ fourth appearance on Fortune’s list, but its first No. 1 ranking. Fortune’s Feb. 4 issue says 97...
With the SEC knee-deep in investigations and proposed rule changes, Chairman Harvey Pitt needed additional ammunition to handle the workload. So President Bush helped out by filling two of the four empty SEC commissioner seats with nominees Isaac...
The SEC and NASD are investigating Merrill Lynch, Morgan Stanley, Salomon Smith Barney, Prudential Securities and UBS PaineWebber for their alleged involvement in IPO underwriting scandals, an attorney involved in the case confirmed to Registered...
If analysts, asset managers and Merrill Lynch reps are to be believed, the fourth-quarter earnings reported today will indeed have been the worst of it for the nation’s largest brokerage. They better hope so. Merrill Lynch said its private...
The number of cases filed with the NASD Dispute Resolution Arbitration Forum jumped 24% in 2001, an increase of almost 1,400 cases, according to the NASD’s year-end statistics, which was announced today. The 1,400 cases is a NASD record. The...