The current regulatory state of affairs permits brokerage firms that do not have a real soft dollar expertise to prosper by facilitating abusive arrangements.
FORBES: Soft Dollar Zone: A Sensitive Area (January 1, 1997)
The APT tax can therefore be viewed as a universal brokerage fee levied by the state to finance the panoply of services it provides.
Their marketing materials state that if pensions do not become involved in directing their brokerage, they are not fulfilling their fiduciary duty.
FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)
Lehman Brothers Holdings (nyse: LEH - news - people ) -- or acquire the firm outright -- faded after South Korea's financial regulator said on Monday that the state-owned bank should be cautious over any investment in the brokerage house.
Hopes that the Korea Development Bank would provide a cash infusion to Lehman Brothers Holdings -- or acquire the firm outright -- faded after South Korea's financial regulator said on Monday that the state-owned bank should be cautious over any investment in the brokerage house.
But Merrill also reaches deep into the funds through its brokerage business, which executes stock trades for pension funds in the state.
FORBES: U.S. Institute Senior Delegates�� Roundtable Speech (June 7, 2004 )
What's more, if draft legislation being pushed by House Financial Services Committee Chairman Spencer Bachus (R-Ala.) becomes law, Finra could also end up examining thousands of investment advisors who don't work for brokerage firms--a job now assigned to the SEC and state regulators.
We have no affiliations with brokerage, investment management or investment banking firms, " EnnisKnupp used to state right in the middle of its Web homepage under the headline "conflict-free investment consulting.
Data regarding millions of nationwide brokerage firm customer complaints is not disclosed to the public, despite the fact that state securities regulators, the SEC and National Association of Securities Dealers, each keep such records.
FORBES: Misdeeds of Stockbrokerages Under-reported (July 1, 2002)
New and disturbing language in a prospectus covering six new SSgA ETFs infers that State Street is willing to pay up to a 0.25 percent 12b-1 fee to brokerage houses for marketing exposure.
When the fund suggests directing brokerage to minority or local brokers, or entering into a commission recapture arrangement, managers emphatically state that performance will deteriorate.
FORBES: Pensions and Brokerage: The Brokerage Battlefield Revisited (October 1, 2000)
"The cleanest thing to do is to sell the stock back to the brokerage firm or to a third party, " says Gregory Pinto, a financial planner with Bay State Financial in Boston.
The Financial Services Institute, which represents independent broker-dealer operations, believes the state laws and pending legislation could place "investors at risk, as well as creating a significant headache for brokerage firms, " according to David Bellaire, the group's general counsel.
应用推荐