Brokers

 Commentary, news and links of interest to financial advisers.

Brokers

Broker Seeks Declaratory Relief on Employment Agreement

And obtains the relief – before he leaves his current employment BUTLER v. PWI, NASD ID #01-00763 (Atlanta, 4/12/01): In this unusual “raiding/recruiting” case, the broker seeks and obtains declaratory relief before he leaves the broker-dealer. The broker was a partner in J.C. Bradford & Co., a Tennessee regional house […]

Brokers

New Broker Disclosure

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 Brokers Investors

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 Brokers Compliance

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 […]

Brokers

NASD Rule 2211 – Telemarketing

Text of Amendments to NASD Rule 2211 – Telemarketing (Note: The original rule was formerly Article III, Section 1 of the NASD Rules of Fair Practice) One June 28, 1996, the NASD filed a proposed change to the Telemarketing Rule, Rule 2110, in response to the rules introduced by the […]

Brokers Investors

Proposed MSRB Interpretations

Proposed MSRB Interpretations Interpretation of Dealer’s Affirmative Disclosure Obligations Released By John M. Baker, Esq. Feb. 12, 2002 – The Securities and Exchange Commission this week published comment notices for two Municipal Securities Rulemaking Board notices on the responsibilities of dealers to municipal securities customers. The notice published today proposes […]

Brokers Compliance

NASD Proposed Change to ACAT Rules

Seeking TROs to stop transfers to be banned By John M. Baker, Esq. May 22, 2001 – NASD Regulation today posted a request for comment on a proposal to prohibit NASD member actions interfering with the transfer of customer accounts. NASD Notice to Members 01-36 (June 2001). As discussed in […]

Arbitration Brokers

Fight Back Revisited

A recurring problem in civil litigation is the filing of claims by plaintiffs which lack merit, or are which are filed for purposes other than to address a grievance or a wrong. The problem is particularly acute in the securities arbitration arena, where in addition to the cost, expense and […]