They then conspired with issuers of securities and individual stock brokers, to defraud union pension plans.
How many financial advisors, stock brokers or insurance agents do you attempt to integrate?
Some stock brokers are likely feeling quite queasy as they regard their near and long-term futures.
Actually stock brokers, who are on the front lines of the equities' battle with themselves, are affected unevenly.
Most stock brokers are regulated by FINRA and have a Series 7 license.
The less you actually bring home, the richer they are. that includes the Govt, financial advisors, stock brokers, you name it.
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In a year or so, the SEC is likely to impose such a fiduciary standard on hundreds of thousands of stock brokers.
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Merrill was so impressed that it bought a piece of the company and promised to hockey stick sales through its army of stock brokers.
Indeed, the potential avalanche of bad investment advice stock brokers and financial advisers are peddling right now could prove just as devastating as the cliff.
However, their entrepreneurial nature distinguishes them in a number of very important respects from investment banks, stock brokers and other firms that operate as intermediaries.
Tsang ordered stock brokers to report all short-selling trades to market regulators and ensure short sellers had stock on hand to cover their positions, with stiff penalties for non-compliance.
Stock brokers and mutual fund companies will be required to report costs basis information on stocks and mutual funds to investors and the IRS (no fudging your capital gains taxes).
The financial markets require regulation and thousands of state and federal employees have as their direct responsibility the policing of banks and stock brokers and hedge fund managers and pension trustees.
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On May 1, 1975, the Securities and Exchange Commission deregulated commissions among stock brokers, unleashing intense competition among financial services firms and giving birth to the now widespread practice of individual investing.
It involves the so-called fiduciary standard, which enforces the heretical idea that stock brokers and insurance salesmen need to act in the best interests of their retail clients and disclose conflicts of interest.
It seems that during the gold rush mentality that was the real estate market over the last decade, incompetent or unscrupulous stock brokers sold clients TIC partnerships as a way to defer paying taxes on real estate investments.
But as mortgage defaults rise, the new Congress and several state legislatures are contemplating enactments that would require mortgage brokers and lenders to make sure a loan is "suitable" for a borrower--just as stock brokers have to make sure an investment is suitable for a client.
In the early 1990s, most retail investors followed their stock holdings with brokers over the phone.
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Mr Sasaki wants better disclosure and sales practices, and tighter supervision by brokers and stock exchanges.
An acute shortage of money had occurred on the New York Stock Exchange, and brokers were intensely anxious.
"It's the world's financial center, with the stock exchanges, banks, brokers, law firms and the financial intermediaries, " says Robert Grieves, a spokesman.
"It's the world's financial center, with the stock exchanges, banks, brokers, law firms and all the financial intermediaries, " says spokesman Robert Grieves.
They should be of concern to ordinary investors, too, since Finra is supposed to provide them frontline protection from stock market manipulators and unsavory brokers.
Some brokers say the stock exchange was overheated because of the effect of the illegal kerb market trading, and blame the government for failing to halt the illegal sharedealing.
The SEC is also still dithering over rules for the JOBS Act, which would allow crowdfunding for stock offerings and fiduciary rules for brokers.
The system was also implicated in a payment crisis which hit the Calcutta stock exchange in March, when a sharp fall in stock prices left a group of brokers with big carry forward positions unable to honour their financial commitments.
But the phrase had been in earlier use in England in the 1700s, where brokers on the London Stock Exchange called you a lame duck if you tried to go on trading securities after you had failed to make good on settlement.
When equity prices decline steadily as they have been these last few days, margin accounts get restricted and in the worst case, if cash or stock is not deposited to meet margin requirements, sales can be forced by the brokers to pay for margin debt used to buy the stock.
There are riots in the street because of allegations that brokers and banks manipulated the stock market.
However, Arca wouldn't be able to trade NYSE-listed securities, taking one of the 13 U.S. stock exchanges out of the loop for brokers, according to persons familiar with the plan's working.
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