When the brokerage industry proposed Rule 1150 to the Securities and Exchange Commission to grant firms qualified immunity from defamation charges regarding remarks placed on U-5s the NAIP immediately recognized that...
Years ago both firms and investment professionals discovered the advantage of fee-based accounts they offered a steady revenue stream and promised to reduce compliance problems. Instead of dreaming up new reasons to...
A large number of National Association of Investment Professionals (NAIP) members request advice on whether to sign employment contracts. To my surprise, many never consult an attorney. And shockingly, some brokers...
I have something in common with Stephen Sawtelle a former broker from Waddell & Reed who was just awarded almost $28 million from an NASD arbitration panel (see the front page story in The Wall Street Journal, Aug. 29...
The NASDR's wrist slap was disappointing. E*Trade had almost $2.5 billion in sales last year, yet the fine levied was only $90,000! Do you remember comments Christos Cotsakos, CEO of E*Trade, made in September 1997 at...
For those interested in leading a team or simply making it through this difficult market I would recommend studying the exploits of a man who has been called the greatest leader on earth, bar none. I am referring to...
Our vision is to go beyond being your protector against the forces in the industry that would stifle competition. The National Association of Investment Professionals (NAIP) is celebrating its fifth anniversary! No...
When adversity comes, how do you respond? Are you a carrot, an egg or a coffee bean? In his April column, Publisher Rich Santos pointed out that the number of arbitration cases at the NASD is up 19% since January. The...
The NAIP is not a government agency, nor is it a charity. It is a professional society supported by its members. In a profession seemingly dominated by conservative Republicans, it is surprising how many of you...
