If you talk to John Elwood directly you'll get an earful about what's behind stock-price moves. And if you get his voice mail, you won't miss out: Elwood greets callers with his thoughts on the market that day.Elwood, a Dain Rauscher broker in...
Imagine taking an upfront recruitment bonus and moving to a new office at a new firm. But before the note is completely forgiven, the office is closed with no nearby alternative. You assume you owe no money if you leave, right?Wrong.Just ask Bill...
Most people fantasize about winning the lottery or a Publisher's Clearinghouse sweepstakes. But most are more likely to be struck by lightning than to win a large sum of money.Depressing as it may be, odds are better that people will come into...
Merrill Lynch has released some interesting data on the number of minority brokers at the firm.Fewer than 300 (about 2 percent) of the firm's 14,700 U.S. retail producers are African-American, 3.5 percent are Hispanic and 3 percent are Asian...
The perplexed look on a female client's face gave Ashley Dando an enlightened idea.During a portfolio review, Dando was talking about mutual funds when she noticed her client's confusion. "Then she said, 'You know, I'm really not sure what a...
Three years ago it was "almost impossible" to get brokers to sell life insurance products, according to Jerald Hampton, director of Salomon Smith Barney's estate and trust services group. Only 250 brokers at the firm were doing any insurance...
The SEC is now considering a proposed NASD rule that would change the way employee discrimination claims are handled in NASD arbitration forums.The proposed change is an addition to the rule that eliminated the regulator's policy of forcing...
Concern over pre-empting state defamation law may have killed the NASD's controversial qualified immunity rule.RR has learned that the SEC last year asked the NASD to address concerns that the rule would be an illegal pre-emption of state...
You've read about the threats the Internet poses for your business and seen cover stories predicting the death of the full-service broker. You've probably even experienced firsthand a beating over the prices you charge compared to Internet brokers...
Contrary to the "full service is dead" rhetoric of the popular media, Registered Representative's readers say that while they get questions and comments from some clients about trading online, they're far from feeling inundated or threatened."Most...