Dain Rauscher is raising its consulting bar a notch by forming a consulting group for brokers. The new consulting group and a training and designation program will be officially unveiled this month. It has two tiers brokers can qualify for: The...

As months and years pass, everything changes--including this business. Old-school brokers, the stock pickers who dominated Wall Street for much of this century, are being challenged by a new generation of techno-savvy upstarts who defer to...

The buzz on Wall Street is about the quick pace of change. Retail brokers can't stop talking about Internet trading, falling fees, mergers and their firms' strategies. They are both curious and concerned about what the future holds.In the here and...

In a surprise move, the NASDR has asked the SEC for yet another extension of the pilot program testing expedited arbitration in temporary restraining order (TRO) cases while it works up a new version of the rule, RR has learned. A permanent rule...

Getting accustomed to the changing product offerings at a brokerage firm can be daunting for new and existing clients. To better orient clients and to save reps and their assistants' time, Prudential Securities is experimenting with an in-branch ...

Just four years after continuing education requirements were introduced, violations of those rules are among the most common problems discovered by the NASDR. However, formal disciplinary actions on this issue are rare.Most of the deficiencies are...

Dain Rauscher brokers will have personal Web pages in January, reps learned at the firm's Association of Women Brokers conference in Minneapolis in October. In development right now, each rep's page will include certain basics as well as some...

If you thought the World Series was saturated with online broker ads, you ain't seen nothing yet. That was just the season opener of an unprecedented advertising campaign.Online brokers raised $1.76 billion in the capital markets in 1999. Most of...

Merrill Lynch has released the first numbers on its new Unlimited Advantage account, which offers unlimited online trading as part of a lower-priced fee account.Between the announcement of the new account June 1 and the end of the third quarter...