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Registered Rep.
May 28, 2009
Kristen French
Former Brookstreet Brokers Hit With Fraud Charges Almost two years after their firm imploded, 16 brokers from Brookstreet Securities may have come to justice. mark for My Articles similar articles
Registered Rep.
April 9, 2008
Brookstreet Broker Cliff Popper Suing NFS for $36 Million According to Popper's attorney, NFS is to blame for the collapse of Brookstreet, and the subsequent disintegration of Popper's roughly $1 billion client portfolio. mark for My Articles similar articles
Registered Rep.
August 17, 2005
Kevin Burke
NASD Tightens Noose on Hedge Fund Sales Practices A top National Association of Security Dealers official said on Wednesday that the regulatory agency has launched an investigation into brokers selling hedge funds to individual investors without alerting them to the potential risks. mark for My Articles similar articles
Investment Advisor
February 2008
Kathleen M. McBride
Litigation A-Go-Go Lawsuits, investigations, and probes. mark for My Articles similar articles
Registered Rep.
September 3, 2003
David Gaffen
NASD: Brokers With Complaints Need A Watchful Eye Heed the red flags. This is the thrust of a new NASD proposal that would require brokerage houses to devote extra supervision to reps with extensive numbers of complaints or regulatory actions against them. mark for My Articles similar articles
Investment Advisor
August 2007
Kathleen M. McBride
Subprime As the implosion of subprime mortgages and junk bonds causes uncertainty throughout the markets, advisors and broker/dealer executives may want to think about what's in their clients' portfolios. mark for My Articles similar articles
Registered Rep.
April 8, 2005
John Churchill
`Merrill Rule' Debate Not Over The SEC unanimously voted to allow Series 7 holders, or registered reps, to position themselves as financial advisors -- with certain caveats. But once again the SEC seemed to hedge its bet. So the debate rages on. mark for My Articles similar articles
Registered Rep.
March 2, 2012
Due Diligence: Brookstreet CEO Brooks Gets Max. Penalty of $10 Million Five years after blowing up his firm in the mortgage crisis, Stanley Brooks was ordered to pay the maximum penalty of $10 million for fraud charges by a federal judge in Los Angeles. mark for My Articles similar articles
The Motley Fool
May 20, 2004
Tim Beyers
American Express Unit in Scandal The broker could be a target of a regulatory inquiry into mutual funds revenue-sharing. How can you tell if your own broker or advisor has a conflict of interest? mark for My Articles similar articles
Registered Rep.
October 1, 2004
John Churchill
BrokerAdvisor BrokerAdvisor Let's Call the Whole Thing Off! The Financial Planning Association and some consumer groups are in court in an effort to block brokers from introducing themselves tp prospective clients as finanical advisors or financial consultants. mark for My Articles similar articles
BusinessWeek
July 9, 2007
Roben Farzad
The Street's Next Big Scandal Are traders and hedge funds colluding to profit from privileged information? mark for My Articles similar articles
Registered Rep.
March 16, 2006
John Churchill
Bear Stearns Fined $250 Million for Securities Fraud The SEC's investigation found that from 1999 through September 2003, the firm provided technology, advice and deceptive devices that helped market timers and late traders evade the firm's own systems as well as those of mutual funds. mark for My Articles similar articles
Registered Rep.
February 2, 2006
Kristen French
Brokers Learning to Play by New Rules It's no longer business as usual on Wall Street. Starting yesterday, broker/dealers must follow a new SEC rule that requires them to disclose at certain times that they may not be acting in their clients' best interest. mark for My Articles similar articles
BusinessWeek
October 22, 2007
Goldstein & Henry
Bear Bets Wrong Two Bear Stearns hedge funds soared by specializing in exotic securities and unorthodox practices. Then they imploded and helped set off a global credit market meltdown. mark for My Articles similar articles
BusinessWeek
September 24, 2007
Matthew Goldstein
Did Bear Stearns Soft-Pedal The Risks? Investors claim they were misled by Bear Stearns hedge funds' sales managers' assurances. mark for My Articles similar articles
Registered Rep.
December 14, 2005
David A. Geracioti
NYSE Regulators to Member Firms and Reps: We Are Watching You Broker/dealers had a very strong 2005. But so too did the regulators. mark for My Articles similar articles
Registered Rep.
July 1, 2005
Christopher O' Leary
The Fund Family That Said No While in the past few years many funds sued by regulators have been quick to settle, American, the second-largest fund family in the U.S. with $650 billion in assets is fighting back. mark for My Articles similar articles
Registered Rep.
February 1, 2006
Kristen French
Both Sides Now Brokers who hold dual licenses -- both the Series 7 and Series 65 licenses -- will have to take fiduciary responsibility on some accounts. But they can also sell investments, after they make it crystal clear that they're doing so. mark for My Articles similar articles
Registered Rep.
September 1, 2005
Karen Donovan
Under Siege Executives of broker/dealer firms are not exaggerating when they say it seems like regulators are locked into a competitive battle to collect the most pelts on Wall Street. mark for My Articles similar articles
Registered Rep.
February 11, 2004
John Churchill
Dueling Trend Lines on Complaints Brokers have become more attuned to investor complaints in recent years, but they must be forgiven if they're having a hard time drawing conclusions from the trend numbers reported by regulators. mark for My Articles similar articles
The Motley Fool
March 20, 2008
Rich Smith
Banks Gone 'Rupt What can you do to protect yourself from a potential bankruptcy of your bank? mark for My Articles similar articles
Registered Rep.
December 1, 2005
Andrew Osterland
Brokering Advice The essential difference between brokers and registered advisors, say financial planners, is fiduciary duty. The notion that b/ds have a lighter burden of regulation than registered advisors, however, is something the securities industry vigorously disputes. mark for My Articles similar articles
Registered Rep.
April 1, 2003
David A. Gaffen
Your Book or Your Life! What would you do if you lost your book? Where would you turn for new customers? Where could you be hired? Those are questions that keep many advisors up at night. mark for My Articles similar articles
Registered Rep.
November 3, 2003
Will Leitch
Fund Scandal Implicates Stockbrokers The mutual fund trading scandals headlines seemed to implicate mutual fund family executives and hedge funds -- everybody but individual retail brokers and brokerage management. But a new survey by the SEC charges brokers with abusive trading of mutual funds. mark for My Articles similar articles
Registered Rep.
March 27, 2006
Kristen French
SEC Targets Investment Traps Set For Seniors The move against the "free lunch," as they are generally called, is part of a larger initiative launched to protect senior citizens from investment scams and unsuitable recommendations. mark for My Articles similar articles
Registered Rep.
July 24, 2008
SEC Versus Fed: Who Should Regulate Investment Banks? In the wake of the sub-prime crisis and near-collapse of Bear Stearns in mid-March, regulatory reform for investment banks has become a popular topic in Washington and on Wall Street. mark for My Articles similar articles
Registered Rep.
August 28, 2002
Rick Weinberg
NASD Looks To Approve Broker, Brokerage Firm Use of Investment Analysis The NASD is looking to approve a proposal that would allow brokers and brokerage firms to provide clients with interactive investment analysis tools. mark for My Articles similar articles
Registered Rep.
May 2, 2007
John Churchill
SEC Fines A.G. Edwards for Failure to Supervise Add A.G. Edwards to the long list of firms that have been fined by the SEC for long-ago failures to supervise brokers who deceptively market timed mutual funds. mark for My Articles similar articles
Registered Rep.
February 1, 2003
Will Leitch
NASD Investigates Potential Breakpoint Violations The confusing slew of regulations that have followed on the heels of the Sarbanes-Oxley Act has tapped a strange feeling in brokers: the fear of violating securities rules unwittingly. A recent investigation by the NASD shows their worries are not unfounded. mark for My Articles similar articles
Registered Rep.
September 21, 2007
Halah Touryalai
Banks Officially Welcomed into the Brokerage World Under New SEC Rule It only took eight years, but the SEC and the Board of Governors of the Federal Reserve System passed final rules defining how banks can act as securities brokers. mark for My Articles similar articles
Wall Street & Technology
April 26, 2005
Ivy Schmerken
Broker Research: What's It Worth? The securities industry is hoping that the SEC will clear up the uncertainties surrounding soft dollars and determine once and for all who is responsible for placing a value on proprietary research. mark for My Articles similar articles
Registered Rep.
July 8, 2008
Kristen French
Post Bear, Regulatory Reform May Squeeze Brokerage Margins Could increased regulation of the brokerage industry in the wake of the subprime crisis and Bear Stearns debacle tighten the screws on brokerage business revenues and margins? mark for My Articles similar articles
Investment Advisor
June 2007
Kara P. Stapleton
News & Products NASD has fined two Fidelity broker/dealers for preparing and distributing misleading sales literature... The broker/dealers of ING plan to lower fees that their advisors pay on two core advisory programs... etc. mark for My Articles similar articles
Investment Advisor
March 2006
Melanie Waddell
Piling On Keeping up with compliance chores will continue to occupy a substantial portion of advisors' time, as industry officials and observers are steadfast in their belief that regulatory scrutiny by the SEC and NASD isn't going away. mark for My Articles similar articles
Investment Advisor
May 2008
Kathleen M. McBride
What Lurks Beneath There are many registered independent advisors and broker/dealers for whom the Bear Stearns debacle is much more than an academic exercise. mark for My Articles similar articles
Registered Rep.
February 17, 2005
John Churchill
NASD Charges American Funds with Directed Brokerage Violation Saying it's just as impermissible to make directed brokerage payments as it is to receive them, the NASD charged American Funds---one of the country's most reputable asset managers---with paying kickbacks to brokerages for selling its funds. mark for My Articles similar articles
Registered Rep.
September 14, 2006
Halah Touryalai
NASD Fines Securities America for Failure to Supervise Securities America was fined $2.5 million for failing to supervise an advisor who allegedly lured clients into early retirement with exaggerated promises of high returns. mark for My Articles similar articles
BusinessWeek
December 20, 2007
From CDO to Credit Crunch The Bear Stearns hedge funds became central players in the mortgage mess. Read on to see how. mark for My Articles similar articles
On Wall Street
December 1, 2008
Alan J Foxman
Sipc Insures Select Cases Brokers are unsure what to tell clients about SIPC coverage, as well as the rationale on arbitration disputes. mark for My Articles similar articles
Registered Rep.
August 29, 2006
Kristen French
Pru Agrees to $600 Million Market-Timing Settlement Prudential Equity Group admitted to criminal wrongdoing in connection with the market-timing practices of a number of its brokers between 1999 and June, 2003. mark for My Articles similar articles
The Motley Fool
July 19, 2007
Matt Koppenheffer
Quick Take: Bear Gets Mauled The financial services sector has been under pressure lately, but Bear has taken a bigger hit than average -- it's now down 18% since the beginning of the year. At this point, it looks like Bear may have a raft of hedge fund investor lawsuits to look forward to. mark for My Articles similar articles
Registered Rep.
May 5, 2010
Kristen French
Small B/Ds in A Crunch, Expect More Closures, Mergers In 2010 Squeezed by investor lawsuits, rising compliance and insurance costs, as well as departing advisors and clients, some of the industry's smallest independent broker/dealers are struggling to stay afloat. mark for My Articles similar articles
Registered Rep.
March 1, 2006
David Weiss
Living with Reg SHO The new regulation opened up the possibility of completing a short sale without worrying if it complied with the uptick or bid test, and put into affect rules requiring greater effort on the part of brokers and other participants in the securities industry to ensure that short sales were covered. mark for My Articles similar articles
The Motley Fool
August 2, 2007
Matt Koppenheffer
The Bad News Bear Stearns The pain continues for Bear Stearns. After announcing that two hedge funds had officially filed for bankruptcy, recent reports indicate that now a third is in trouble. mark for My Articles similar articles
Registered Rep.
November 1, 2006
John Churchill
Blotter SEC Busts Another Ponzi... Broker Bends for Hedgies... NASD Says Firm Ignored Red Flags... mark for My Articles similar articles
Financial Planning
August 1, 2008
Bob Veres
The Big Regulatory Fix If the same few companies are behind virtually every major financial scandal and meltdown, why are the regulators talking about tightening up on all financial advisors? mark for My Articles similar articles
Investment Advisor
June 2008
Kathleen M. McBride
Independents' Optimism Broker/dealer advisory board members say things are looking up in the industry. mark for My Articles similar articles
Registered Rep.
August 1, 2004
Will Leitch
The Reformation When the scandal craze that has gripped the securities industry first began two years ago, few in the industry recognized how deep it might go. mark for My Articles similar articles
The Motley Fool
November 30, 2006
Michael Leibert
A Look at Bear Stearns As the strategic landscape evolves in ways that do not always favor Bear's strengths, the firm is unlikely to continue to outperform its peers. Investors, take note. mark for My Articles similar articles
Financial Advisor
April 2004
Tracey Longo
Wanted: Real Disclosure Rules on brokers compensation disclosure are changing---but slowly. mark for My Articles similar articles