A number of Wells Fargo bank brokers who have resigned or been terminated contend that the bank is taking compliance overboard--in some cases, for its own purposes.

Sales assistant titles have become an issue in overtime claims. Salomon Smith Barney is facing allegations that some sales assistant job titles it uses are designed to avoid overtime pay requirements.In a pending wage-and-hour case in Miami...

New 2001 software version enables participants to analyze accounts. Prudential Retirement Services, a unit within Prudential Securities, has signed an agreement with Intuit that enables participants in 401(k) plans sold by Prudential to download...

Last April, Rep. Edward Markey (D-Mass.) wrote to SEC Chairman Arthur Levitt asking for a list of cases in which brokerage firms were successfully sued for disclosing truthful information on U-5 forms.In a May response, Levitt admitted that the...

Hundreds of sales assistants reveal what they daydream about getting from their brokers and firms."What is the one most important thing your broker or firm could do to help you with your job?"It's an open-ended question, but one-third of sales...

In June, David Pottruck, Charles Schwab & Co. co-CEO, stated that the firm would be offering individual stock recommendations within a year.A spokesperson from the San Francisco-based discount brokerage confirms that news. "We are beginning to...

The financial services industry continues to evolve and the role of sales assistant is changing along with it. Sales assistants are no longer just file clerks and typists. Instead, they are immersed in the brokerage business and work closely with...

Not everybody would choose to undergo invasive surgery and voluntarily give up part of a healthy organ to help someone. But Chris Vargas did exactly that.A former college and pro quarterback, Vargas donated a lobe of his left lung to his brother...

The problem is that too many producers qualify. Merrill Lynch is upping the achievements required for its recognition clubs and incentive trips. The reason: Too many million-dollar producers, say veteran brokers at the firm.Private Client Group...

Court upholds record $16.5 million award. A Minnesota state judge rebuked Dain Rauscher in supporting a record raiding-case award against it.Hennepin County judge Marilyn Kaman in August confirmed the $16.5 million award won by John G. Kinnard &...