After-tax return is where the hoof meets the road in today's bull market. More and more fund managers are looking to figure ways to reduce the tax ramifications of their portfolios. Those unrealized taxable gains built into their funds are...
A cross-border dispute between U.S. regulators and the Canadian investment industry is leaving thousands of Canadians who live in the United States unable to manage their retirement accounts. The problem, which has been simmering for several years...
Ben Edwards lived up to his tell-it-like-it-is reputation. The CEO of A.G. Edwards sounded a rare cautionary note as panel after panel of top brokerage executives extolled the virtues of Internet technology at the Securities Industry Association's...
The American Association of Retired Persons (AARP) has targeted Wall Street sales practices as the focus of a possible national awareness-raising campaign.According to Laura Polacheck, a senior policy analyst for the group, the AARP, along with...
In the real world, if you want to start a new career, you get some education, find a company to hire you, and if it doesn't work out, you move on to another employer.Then there's the brokerage industry. Under NASD rules, those who want a brokerage...
In July, an NASDR arbitration panel ordered the NASD to expunge 16 oral complaints put on a broker's record by PaineWebber.Former PaineWebber rep Michael Glovas filed the claim in late 1995 alleging that PaineWebber wrongly accused him of signing...
Brokerage firms win the majority of cases in which they seek to collect money due on up-front bonus/promissory notes from brokers who have been fired or left the firm.According to a study by this magazine of NASDR arbitration cases from April '96...
In the film "Pretty Woman," a store manager asks Richard Gere about his budget for a shopping spree for Julia Roberts. "Just how obscene an amount of cash are we talking about here?" he asks. "Profane or really offensive?" Gere responds, "Really...
Several prominent mutual fund companies have revoked their NAV transfer privileges in recent months, knuckling under to brokerage pressure, despite the risk of alienating customers and some reps.Van Kampen American Capital, Morgan Stanley...
A 19th century economic philosophy known as utilitarianism preached the virtue of trying to deliver the greatest amount of happiness to the largest number of people. Even if the idea were still widely followed today, it wouldn't describe what...
