After Court Ruling, It’s Back to Business Like It’s 1999Apr 4, 2007By John Churchill If you’re like most registered reps these days, you’ve got some portion of your clients in a fee-based compensation arrangement. And, no doubt, you’ve been selling yourself as a full-service, top-to-bottom “financial advisor,” financial consultant, wealth manager or some other such glorified title. (Does anyone’s card read stockbroker anymore?)... Ex-Merrill Broker Nabbed in Online Gambling StingMar 29, 2007By Kevin Burke Fairly or unfairly, gambling and strip clubs have always been associated with slick, fast-talking Wall Street brokers. And while most financial advisors would argue that this is nothing more than an unfortunate stereotype, the headlines continue to suggest otherwise.... Don't Mess with Suspension RulesMar 1, 2007By Bill Singer If you are like most working people, you go to the office every day. And, if you like your job, it can even be hard to stay away. But if you get a suspension... The Unscrupulous ManagerFeb 1, 2007By Ann Therese Palmer A colleague of mine recently left our firm and the business, asking me to take care of a few of his clients. One client about whom he was concerned happens to be his cousin. My colleague was new to the business, and his manager handled setting up the cousin's retirement plan. ... Secret Agreements with Clients Can BackfireNov 1, 2006By Bill Singer NASD has been watching for brokers and firms who borrow from clients, agree to share losses or settle disputes privately... BlotterNov 1, 2006John Churchill SEC Busts Another Ponzi: The SEC filed securities fraud charges against Salvatore Favata, the former president of National Consumer Mortgage (NCM), a... Fighting the U5Nov 1, 2006By Jacob H. Zamansky New York's highest court will soon decide whether a brokerage employee can contest the language an employer uses in the Form U5... A Big Trade Off?Nov 1, 2006By Susan Konig When going independent, your payouts rise substantially. But what about your compliance responsibilities?... Skirts Vs. Smith BarneyNov 1, 2006Angela Covo Less than 10 years after they settled the infamous boom-boom room case, Smith Barney is being sued for discrimination again. The new case, Fassbender... How to Protect Client AssetsNov 1, 2006By Jason Van Steenwyk Liquidity claims against professionals, business owners and wealthy individuals are rising. What can you do to help clients minimize risk of losses... Listen to Your ClientNov 1, 2006By Ann Therese Palmer If a client insists on liquidating part of her portfolio, particularly assets that are heavily concentrated, it's very risky to ignore her request... Agent or Fiduciary?Oct 1, 2006By Ann Therese Palmer The line between brokers and fiduciaries has gotten blurry. When does a broker cross over?... Creditors Snatch Collection PlateOct 1, 2006John Churchill If you're bankrupt, giving money to a religious institution is not an option, says one court. ... Mediation MamboOct 1, 2006Halah Touryalai If you've got legal trouble, October may be your lucky month: It's mediation month. The program of events, sponsored by the NASD, kicks off on Oct. 3... The Long Arm of NASDOct 1, 2006By Bill Singer In arbitration, the SRO warns you don't have Constitutional protection. But, there are limits... Deciphering the Rules of Retirement AdviceOct 1, 2006By John Churchill Some advisors have long ignored parts of ERISA when consulting participants of 401(k) plans. Now they don't have to. Still, the Street is confused over what the new pension laws really mean when it comes to reirement advice... Pru Agrees to $600 Million Market-Timing SettlementAug 29, 2006By Kristen French Prudential Equity Group, a broker/dealer subsidiary of Prudential Financial, got slammed Monday with one of the biggest settlements seen in a market timing case: $600 million in fines, restitution and penalties.... NYSE Fines A.G. Edwards for Excessive Fees and Failure to SuperviseAug 7, 2006By John Churchill New York Stock Exchange Regulation handed down a $900,000 fine to A.G. Edwards today, marking the regulator’s first fine for abuses in fee-based accounts. The firm was also charged with failure to supervise staff, including one particularly wayward branch manager.... Testing the CaseJul 1, 2006By Bill Singer Sometimes it's better to fight than to settle... Morgan v. MeowJul 1, 2006Kristen French Morgan Stanley fought Meow, and won. Seriously. ... One More Snag in Merrill-Advest DealJul 1, 2006Kristen French Two former Advest reps, William Fenwick and Timothy Fisher, have filed a class-action lawsuit against Merrill Lynch and Advest... Ready to Punch the Clock?Jul 1, 2006By Halah Touryalai Most registered reps compare themselves to professionals, such as doctors and lawyers. But, in fact, it seems that, financial advisors may be held to the same labor law standards as an hourly employee ... BlotterJul 1, 2006John Churchill SEC Tackles Wachovia Insider... Overtime Settlements Stacking UpJun 1, 2006Halah Touryalai Citigroup agreed in mid-May to pay a record $98 million to past and present advisors to settle their overtime-pay claims. It's the fourth major financial firm to settle a class-action suit regarding overtime pay within the past 10 months... Working ConflictJun 1, 2006By Bill Singer That second job can cost you your first one... |
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Got the Social Media Spins? Help Is On The Way
A bunch of social media services have emerged to help financial services firms comply with regulations and make the most of social networks to build business. They've got big plans for 2012.
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