The war between the SEC and its employees who want a union has become downright nasty.The SEC has appealed a Federal Labor Relations Authority (FLRA) ruling that supported agency employees' efforts to unionize...
Mark Sutton, president of PaineWebber's retail unit, will deliver the keynote address at the SIA Financial Advisor Conference June 8-10 at the Drake Hotel in Chicago.The theme of the inaugural conference is ...
The SIA board of directors in March endorsed the idea of one SRO. It recommends the creation of a new regulator to supervise sales practices and operational requirements, while each stock market oversees its own...
Nadav Baum, Salomon Smith Barney, Pittsburgh While his friends were sound asleep or watching cartoons on Sunday mornings, 10-year-old Nadav Baum was out delivering bagels, orange juice and a copy of The New York Times...
When the Three Mile Island disaster struck five years after the Nuclear Regulatory Commission was established, the NRC's inspector general ordered a full investigation and later issued a scathing report on the...
Industry self-regulation may be due for an overhaul, according to the SIA.A January white paper issued by an SIA ad hoc committee says SROs have too many conflicts of interest when they act as market overseers as well...
With 12,000 mutual funds on the market today--a figure that exceeds the number of stocks on the New York Stock Exchange--brokers have a lot to pick from."Competition is absolutely fierce," says John Rhoades, senior...
They may work in the same building, sometimes even on the same floor. They may even have the firm's name on their business cards, but they are separate.Groups of big-hitting brokers are setting up office suites by...
His life is like a history book, having spanned 17 presidents, the sinking of the Titanic and the first radio broadcast.And yet C. Howard Wilkins Sr., a 91-year-old Prudential Securities rep in Wichita, Kan....
Merrill Lynch has revamped its account-distribution policy as part of its settlement of a class-action sex discrimination lawsuit. The new policy establishes six criteria to determine which brokers are eligible for...
