SEC Chairman Harvey L. Pitt issued the following statement following today's terrorist attack in New York: “The Commission has been, and is, in constant communication with each of our organized securities markets and exchanges. As a safety...
Dow Jones Newswires is now reporting that Morgan Stanley denies that it sent a memo to employees stating that Trade Center personnel had survived this morning’s attack. The news service had earlier the reported on the contents of the alleged...
The U.S. Equal Employment Opportunity Commission (EEOC) filed suit today against Morgan Stanley, alleging the firm discriminated against a former convertible bond sales representative and as many as 100 other women in the company’s...
Raymond James Financial Services (RJFS) has launched a program to help small banks and credit unions deliver “wealth management” services to their affluent customers. “Community banks have missed an entire strata of their client...
The Glenmede Trust Company, a Philadelphia-headquartered wealth advisory firm, announced the further development of their focus on the wealth advisory business. As part of their strategy to target the penta-millionaire and ultra high net worth...
For years, Morningstar has provided research tools to financial advisers. But now the company has decided to get into the advisory business. Morningstar, a Chicago-based provider of investment information and analytical tools, has announced it...
Oddlots Random samplings of news affecting the estate planning industry Compiled by Christopher Weems, Associate Editor Send an e-mail with your news item Metavante to Purchase Brokat Technologies' U.S. Internet Banking and Brokerage Assets...
Fifty-nine percent of American adults don’t have a will, according to a survey by the legal Web site, FindLaw (www.findlaw.com). The survey found that people are more likely to have a will as they get older. Only 11% of people between the...
Be Cautious About "Stretch IRAs": NASD Regulation NASD Regulation, Inc., has issued an Investor Alert that cautions investors about "stretch IRAs," a new kind of account allowed by recent changes in IRS rules. They are often billed as "estate...