In the 1990s, while technology stocks soared, large-cap core investments sometimes seemed dull. Holding shares that are cheaper than growth stocks and more expensive than value, core strategists don't often hit home runs. But these funds which are...
One good thing you can say about 2001 in the stock market: It convinced a lot of individual investors who hadn't already taken a big hint from the plunge of 2000 that they really needed professional help. Many investors have learned the hard way...
It's not too early to start thinking about taxes. Here are a few sites to help lighten the burden for you and your clients. TaxPlanet.comwww.taxplanet.com The Website advertises itself as offering All things tax for individuals. Most of the year...
Barring a miraculous rebound in the economy, broker-dealer firms will continue to whack reps this year. And, let's be honest, if you're on the short-list to be let go, you probably already know it. If you're wondering, here's a hint: What do your...
After receiving hundreds of complaints from brokers, UBS PaineWebber switched gears and decided it will not penalize reps whose clients quickly sell shares in new IPOs, a practice known as "flipping." The firm issued an e-mail to brokers on...
The NASD’s new ruling on client account transfers “is a clear victory for brokers and customers,” securities attorney Jim Eccleston said today. The NASD announced Wednesday that it will bar member brokerage firms from blocking...
The hotly-debated and controversial question of “who owns the client” appears to have been answered by the NASD and the SEC: it’s the broker, not the firm. The NASD announced today it will bar member firms from blocking customers...
For years, delays in client account transfers have been a controversial issue. But the NASD has put an end to the debate, announcing today that it has adopted a new rule interpretation prohibiting "any NASD member firm from taking action that...
UBS PaineWebber brokers claim their firm's "flipping" policy of charging two times gross commissions when clients sell newly issued stock is "illegal" and that the firm "has never put it in writing." During the past 1 1/2 weeks, branch managers...
