Complex reverse convertibles mostly sold to individual investors; ‘inconceivable’.
Aristocracy of banking would have likely gone down the tubes without previously
undisclosed Fed money; ‘whopping numbers’.
Saturday Night Live ran a hilarious sketch about a broker who is completely honest with a group of people in a town hall meeting.
The broker-dealer, like many of its larger peers, now basing awards on growth in new assets.
Sales flourishing; meanwhile funds with upfront charges seeing mass exodus.
It is a message he has delivered many times before, but industry experts said John C. Bogle’s continued assertion that bond funds on average are too expensive deserves special attention in the current market.
Not even MBA students at the top business schools in the country fully
understand the importance of mutual fund fees.
Within the individual brokerage firms, there is an ongoing tug of war going on.
SEC Chief Valediction: Beware of the investment world’s pitfalls.
Discount brokerage firm’s efforts to link investors to outside advisers stumble amid downturn.