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Oct 31, 2002

The Firm: Smedley Financial Services Inc.,Salt Lake City Principal: Roger Smedley B/D Affiliation: Securities America Year of Independence: 1983 Assets...

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Oct 31, 2002

The Firm: The Lowry Group,Gainesville, Fla. Principal: Joe Lowry B/D Affiliation: Investacorp Year of Independence: 1994 Assets Under Management: $60...

PRIMEDIA’S REGISTRED REP. HONORED WITH 2002 PUBLISHING AWARD 

Oct 30, 2002

New Page 1 Registered Rep. Recognized For Design Excellence New York - October 30, 2002 PRIMEDIA’s Registered Rep. magazine, the source for investment...

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Oct 30, 2002

Is now a good time to go independent? With the market continuing its unnerving slide and the state of the economy still uncertain, it's a perplexing question....

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Oct 30, 2002

The Firm: Nathan & Lewis Securities,Feasterville, Pa. Principal: Scott Holstein B/D Affiliation: Nathan & Lewis Year of Independence: 2001 Assets Under...

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Oct 30, 2002

The Firm: Jeb Bashaw & Co., Houston Principal: Jeb Bashaw B/D Affiliation: Linsco/Private Ledger Year of Independence: 2001 Assets Under Management: $100...

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Oct 30, 2002

The Firm: Foundation Asset Management,Blue Bell, Pa. Principal: Jeffrey Heinel B/D Affiliation: The Investment Center Year of Independence: 1995 Assets...

Morgan Stanley Opposes Fine 

Oct 29, 2002,

By Rick Weinberg

Following the New York Attorney General’s investigation of Merrill Lynch’s research practices, the firm was fined $100 million in what company president...

PaineWebber Appeal Rejected by Supreme Court 

Oct 25, 2002,

By Rick Weinberg

Completing “bucking” its trend of supporting arbitration over litigation, the U.S. Supreme Court rejected a UBS PaineWebber appeal of a decision that...

Investing: Not for Men Only. Pru survey says women’s financial role continues to expand 

Oct 22, 2002,

By Ross Tucker

According to a newly released study conducted by Prudential Financial women’s understanding and role in making financial decisions continues to expand....

Merrill to Reps: Go Get 401(k) Business 

Oct 22, 2002,

By Rick Weinberg

Merrill Lynch advisors are now going to offer participants in Merrill-run retirement plans specific buy and sell recommendations. Indeed, participants may elect to turn over all investment decisions to Merrill advisors....

Accused Rogue Broker Puts UBS PaineWebber Under Scrutiny 

Oct 21, 2002,

By Rick Weinberg

The Massachusetts Securities Division is investigating UBS PaineWebber’s supervisory and compliance procedures in connection with allegations of a broker stealing more than $4 million from clients, according to the state’s Securities Division....

Lipstick on the Pig 

Oct 20, 2002,

By Rick Weinberg

David Pottruck, the The Charles Schwab Co. co-CEO, says the best way to clean up Wall Street’s tarnished image is to disclose all....

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Oct 17, 2002

When should I buy a vertical spread, and when should I buy an outright call or put? If you have ever asked this question, you are not alone. This article...

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Oct 16, 2002

With domestic uncertainty and questionable corporate tactics dominating the headlines, it stands to reason that your customers might be wary of certain...

Small Investors Ding Pru for $260 millionOne of largest awards for small investors ever in case of broker 

Oct 14, 2002,

By Rick Weinberg

The Prudential Securities case, in which an Ohio jury ruled that it should pay $261.7 million in damages, sure does bring home the mundane thought: Best...

Nasdaq Chairman ‘Worried’ About Future of Street Research. With so many newly minted penny stocks, should delisting requirements change? 

Oct 10, 2002,

By Rick Weinberg

Wick Simmons, the former CEO of Prudential Securities and current chairman of Nasdaq, said today at the Security Trader Association annual meeting in...

Brokerage Firms Continued Recommending Floundering Companies: Weiss Survey 

Oct 8, 2002,

By Rick Weinberg

A surprising 74 percent of the 62 brokerage firms that follow companies that filed for bankruptcy protection between May 1 and Aug. 31 continued to recommend...

To Improve Profitability, Merrill Curtailing Trading of OTC Issues A Time to Buy Small-Cap Issues? 

Oct 8, 2002,

By Rick Weinberg

Merrill Lynch is trimming the number of Nasdaq stocks it trades by 75 percent—so that it can focus on the 2,400 biggest, most actively traded stocks,...

To Improve Profitability, Merrill Curtailing Trading of OTC Issues A Time to Buy Small-Cap Issues? 

Oct 8, 2002,

By Rick Weinberg

Merrill Lynch is trimming the number of Nasdaq stocks it trades by 75 percent—so that it can focus on the 2,400 biggest, most actively traded stocks,...

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Oct 8, 2002

The Chicago Board Options Exchange offers many powerful educational tools to boost your options education, so that you can use options wisely. The following...

Chung Wu Sues PaineWebber Over Firing 

Oct 1, 2002,

By David A. Gaffen

Chung Wu, the former UBS PaineWebber broker who was fired after sending e-mails in August 2001 suggesting clients sell Enron stock, has sued PaineWebber....

Bear Market Crushing Transaction Brokers 

Sep 27, 2002,

By David A. Gaffen

Executives at SIA's Retail Management Conference in Chicago this week said they haven't done enough to help reps make what they see as a necessary transition to a fee-based advisory business for wealthy clients from a transactional business....

Without Mentioning Schwab by Name, Merrill's Gorman Bites Back 

Sep 27, 2002,

By David A. Gaffen

Speaking at SIA's Retail Management Conference in Chicago, James Gorman, president of Merrill Lynch's private client group, directed blunt comments at those who imply that Merrill and other big wirehouses are "boiler rooms."...

Suit Alleges Hidden Fees 

Sep 25, 2002,

By Ross Tucker

A suit filed in California last week alleges that major brokerage firms are charging customers unreasonable and undisclosed fees when selling municipal bonds....