Smith Barney is facing a new round of sex-discrimination suits. A quartet of financial consultants from California has filed a national class-action lawsuit against the firm in a San Francisco federal court. The suit...
Financial advisors at Smith Barney were surprised to learn that a high-profile fashion model was in their midst surprised and a little confused. The New York Post reported in February that Eve Salvail, the French...
When it comes to advice, New Yorkers are givers, not receivers. According to a recent survey by Charles Schwab & Co., Big Apple denizens are secure in their abilities to find a cab on a rainy day (56 percent) and to...
It used to be that the NASD’s continuing education requirements covering regulatory issues were for reps that had recently gotten their Series 7 licenses. But, effective this month, the NASD is sending everyone...
On Wednesday, the SEC unanimously voted to allow Series 7 holders—registered reps—to position themselves as financial advisors—with certain caveats. But, once again with the “broker/dealer rule...
An NASD arbitration panel ordered Merrill Lynch to pay more than $1 million to investors Gary and Lisa Friedman last month for hiding conflicts of interest and issuing fraudulent research. According to the award, the...
For years, reps have been told that separately managed accounts (SMAs), were being The institutional-quality management, tax efficiency, transparency and customization that had made SMAs so popular among high-net...
Ron Galen, a California-based financial planner, struck out in his bid to purchase Jose Canseco's 2000 World Series ring one of a host of memorabilia items the disgraced former slugger had placed on the block. Canseco...
