Analysis

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Solomon Smith Barney Reps Lose CAP Request

Archives Whose Money Is It Anyway? Solly Smith Barney Reps Lose CAP Request  By Rick Weinberg Several former Salomon Smith Barney brokers seeking the authorization to start a national class action suit against the firm’s Capital Accumulation Plan (CAP) had their request rejected by a federal judge in Boston, according […]

Analysis Brokers News

Analyst Disclosure Issue Would Snag Brokers

New NASD Proposal will require more disclosures by retail brokers. The war on analysts is now threatening brokers. In proposing heightened disclosures from analysts, the NASDR has included retail brokers as well. The July proposal, NASD Notice to Members 01-45, broadens disclosure obligations for public appearances by analysts and brokers […]

Analysis News

Analyst Disclosure Issues

Analyst Disclosure Issue Would Snag Brokers New NASD Proposal will require more disclosures by retail brokers. The war on analysts is now threatening brokers. In proposing heightened disclosures from analysts, the NASDR has included retail brokers as well. The July proposal, NASD Notice to Members 01-45, broadens disclosure obligations for […]

Analysis News

AIMR Addresses Analyst Conflicts 

By Dan Jamison The Association for Investment Management and Research (AIMR) is working on new guidelines to address analyst integrity and analyst conflicts. Charlottesville, Va.-based AIMR confers the Chartered Financial Analyst (CFA) designation to its members, most of whom are analysts and money managers, although some retail reps obtain the […]

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Make Mandatory Arbitration Unenforceable

Commentary from T. Sheridan O’Keefe I have something in common with Stephen Sawtelle — a former broker from Waddell & Reed who was just awarded almost $28 million from an NASD arbitration panel (see the front page story in The Wall Street Journal, Aug. 29, 2001). You see, we both […]

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Web Aggregators Under Scrunity

Registration and Regulation Considered By John M. Baker, Esq. Web aggregation is among the most recent financial services developments. Web aggregators collect an individual’s financial account information from a variety of web sites and enable the individual to view and manage it all at a single site. Current estimates are […]

Analysis

SEC Cautionary Advice on Accounting Policies

SEC Cautionary Advice on Accounting Policies New rules considered for more precise accounting policy disclosures. By John M. Baker, Esq. Dec. 12, 2001 – The Securities and Exchange Commission today issued cautionary advice on the selection and disclosure by public companies of critical accounting policies and practices. Release Nos. 33-8040, […]

Analysis

SEC Adopts Independent Director Rules for Mutual Funds

  After much discussion and controversy, a decision. By John M. Baker, Esq. The Securities and Exchange Commission today announced that it has adopted its much-awaited rules on the role of independent directors of investment companies. Release Nos. 33-7932, 34-43786, IC-24816 (Jan. 2, 2001). As proposed, the salient provision of […]