If you want to know what made Madoff do it, you can try playing someone like him in a new game for cell phones called, predictably, Made Off. The game allows you to rob, cheat and steal from innocent investors to earn...
Not surprisingly, last year’s market took its toll on the wealthy, reducing assets, slimming their ranks and undercutting their trust in institutions associated with the market, according to the 14th annual...
Lose a client’s money, what’s the worst that could happen? According to the U.K.’s Daily Mail, last week in Germany, elderly pensioners allegedly beat their financial advisor with Zimmer Frames ...
Among other measures, the Obama administration proposed today that the Securities and Exchange Commission (SEC) require that broker-dealers offering investment advice be held to the fiduciary standard rather than the...
The big question to have arisen from the financial meltdown is: Have financial market regulators been doing their jobs well? Okay, it’s not the only big question, but it is certainly one of them. And the other...
As we addressed in our story Comfort Zone, on page 9, despite all of the talk about breakaway brokers leaving Wall Street and choosing independence, the majority of wirehouse advisors are not going for it. According...
Valerie Brown spoke with Registered Rep. about her new role as CEO of ING Advisors Network. Registered Rep.: What's your first priority as newly appointed CEO of ING Advisors Network? Valerie Brown: My first priority...
Today there is a fairly common story heard along the boulevard of broken Wall Street dreams. It goes something like this. In late 2007, a 65-year-old wirehouse broker happily trotted into his office crowing about his...
What can your fingers tell you? Apparently, a lot. According to a study co-authored by John M. Coates and published in January in a scientific journal called PNAS, the larger the ratio of the length of your index...
