Investors

Brokers Compliance Investors

Markups, Markdowns

In recent years, markups have become a growing concern for regulators, and brokerage firm markup policies and procedures have come under increasing scrutiny from the SEC</div><div class=glossaryItemBody>The United States Securities and Exchange Commission is the federal agency charged with the regulation and oversight of the securities markets, public companies and securities professionals.(…)</div>” href=”https://www.seclaw.com/glossary/sec/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>SEC and the NASD. Essentially, a markup, or markdown, is the amount of money above (or below) the “inside” market that a broker dealer may […]

Investors

Markets React to Trump Jr. E-Mails

Major stock indexes swung lower Tuesday after President Donald Trump‘s son released an e-mail exchange that showed him setting up a meeting with a Russian lawyer to obtain damaging information about Hillary Clinton. Source: See Markets React to Donald Trump Jr. E-Mails in 6 Charts – MoneyBeat – WSJ   Get […]

Brokers Investors

Bored Traders on Tinder

A Symptom of Wall Street Revenue Dip One bond trader says he’s been slipping out early to watch his kids play sports. A fund manager says his office just staged a golf retreat. A trading supervisor at another bank confides he’s swiping through a lot of profiles on Tinder, the […]

Churning
Brokers Compliance Investors

Was the Account Churned?

Churning is excessive trading in a customer’s account by a broker taken in the context of the customer’s financial situation and investment objectives. While no one test is available to determine if an account has been churned, churning requires three elements, first, excessive trading, and second, control of the account […]

Investors

Time for a Portfolio Audit?

Investment Audits – Detecting Inappropriate Investments Before They Turn To Losses Having an independent financial adviser review your investments periodically may save you thousands of dollars in the future. Sure, we know and understand that YOUR adviser is honest and hard working. Madoff’s investors undoubtedly felt the same way about […]