Assume you're at a party, and everyone in the room is drinking punch. You decide to have some as well. But when you get to the punch bowl, it's empty. And every time you return to the punch bowl thereafter, you experience the same. Who could blame...
More than half of the 50-plus brokers in Prudential Securities West Bloomfield, Mich., branch have banded together to protest the firms new noncompete policy. The brokers sent a signed letter to the firms senior management refusing to sign what...
As the SEC and state regulators begin to investigate brokerage policies on penalty bids for brokers who flip IPOs, retail brokers say the issue doesnt affect them since most of their clients are long-term holders. And reps dont appear to have...
If state securities regulators have their way, the Series 65 could be replaced with a new exam shortly after the New Year. The exam, designed to replace the 10-year-old Series 65 test, which critics claim does little more than test an advisers...
When regulators jointly settled a big sales practice case in May with NationsBank and NationsSecurities, SEC Chairman Arthur Levitt Jr. defended to reporters the $6.75 million in total fines. The case involved alleged misleading sales practices in...
Brokers who work as independent contractors are complaining about rising compliance fees. The fees stem from a growing mandate by regulators for indie Firms to subject more offices to surprise audits.The inspection mandate stems from a broad...