A former Merrill Lynch broker is suing the firm and a former client over what he alleges was a "frivolous" complaint settled without his notice or consent.Joe P. Montgomery, now of Lake Jackson, Texas, was once a rookie in the Tucson, Ariz....
A late-year slide in Asian stock markets led to a 9.4% loss for the $2.3-billion Templeton Developing Markets I fund in 1997. But you wouldn't know it from the tax statements the company sent to shareholders.Despite the loss, Templeton Developing...
On Jan. 15, the NASD announced that its membership approved 22 members for its board of governors at the group's annual meeting in Washington, D.C.But Alan Davidson, owner of Zeus Securities in Jericho, N.Y., and president of the 100-member...
Regional brokers have closed the gap on their wirehouse competitors when it comes to sales performance and practices, according to results of a recent mystery shopping study by Prophet Market Research in San Francisco.But it wasn't so much...
The NASDR has asked the SEC to approve interim U-4 forms that contain new reporting requirements. As of November, the rule proposal was expected to go into effect this month. Here is a summary of some of the proposed changes.* The new Question 22G...