Practice

Richard Ward ends a three decade-plus run at Merrill Lynch to join Stifel Nicolaus.

In a recent poll of wealthy individuals, men were thought to feel more stress if their wives were the primary financial decision-maker than women whose husbands were the financial decision-maker.

FINRA Rule 2090 will impose a new requirement on many firms, that of “knowing your customer.” Firms that have not previously been subject to a Know-Your-Customer requirement are determining what facts it deems essential in connection with servicing an account.

The industry veteran will be chief counsel and chief compliance and ethics officer in the in the Office of Compliance Inspections and Examinations.

On July 10, 2012, The 32-year wait for a comprehensive record-keeping system to monitor trading across U.S. equity and options markets is approaching conclusion.

As financial professionals grapple with a new regulatory mandate for the suitability of investment advice, a leading industry advocacy group is continuing its opposition to two key provisions of the new rules from the Financial Industry Regulatory Authority (FINRA) that took effect Monday.

San Francisco, Calif.-based consulting shop Callan Associates has hired today Yosangel G. Haddad as vice president, based in Callan’s new location in Summit, New Jersey.

Steve Wershing, "The Referral Doctor," says it’s not your people that make clients happy but what your people do. And understanding that distinction is crucial for firms that want to add and retain clients and the staff to service them.

Austin, Texas-based Dimensional Fund Advisors has appointed Peng Chen as chief executive officer, Asia (ex-Japan). Chen joined Dimensional on July 1 from, where he served as president of its global investment management division.

The time has finally arrived. FINRA’s new suitability and know-your-customer rules take effect today.