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Cross Selling Between Banks and Advisory Firms Not Panning Out
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Sunday, September 11, 2011.
Over the past decade there was a mad dash for banks to snap up advisory firms, on the belief that there would be substantial cross selling opportunities for banks to sell advisory services and other financial products to their existing Read More
Securities America Arbitrations/Class Action Finalized
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Wednesday, September 7, 2011.
The Billitteri v. Securities America class action has been finalized. That class action resolved claims of thousands of Securities America customers who purchased private placements in Provident Royalty and Med Cap holdings. In addition to the class action litigants, approximately Read More
CapWest Securities filed a notice of termination with FINRA
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Saturday, September 3, 2011.
CapWest Securities, which sold tens of millions of dollars of Medcap and Provident private placements, as well as DBSI real estate deals to its clients ceased operations and filed a notice of termination with FINRA. The firm faced both class Read More
End of the line for CapWest
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Friday, September 2, 2011.
CapWest Securities officially withdraws broker-dealer registration after losing FINRA arbitration claim: http://www.investmentnews.com/article/20110901/FREE/110909997 Read More
Goldman, two firms agree on foreclosure-signing practice: report
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Thursday, September 1, 2011.
FINRA Warns Investors of Gold Stock Scams
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Wednesday, August 31, 2011.
As investors flock to gold, FINRA warns of gold-related Ponzi schemes: http://www.finra.org/Newsroom/NewsReleases/2011/P124214 Read More
Top corporations spent more on CEO comp, lobbying than taxes
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Wednesday, August 31, 2011.
In one more, rather shocking example of how the rich get richer, a new study reveals that some of the best-paid chief executive officers in the U.S. earned more in salary and other compensation in 2010 than their companies’ federal Read More
Ranks of advisers thin out for first time in a decade
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Tuesday, August 30, 2011.
The number of investment advisers registered with the Securities and Exchange Commission has fallen for the first time in 10 years, while the assets they manage have increased sharply, according to a report released today. Read More
Landscape is changing for broker-dealers
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Tuesday, August 30, 2011.
Traditional broker-dealer business continues to change rapidly, making it more difficult, and more expensive for the small, as well as large brokerage firms to stay competitive. The combination of technology which offers investors a less expensive way to buy and Read More
Filings are down at FINRA arbitration
By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Monday, August 29, 2011.
Filings are down at FINRA arbitration, reflecting a trend that losses are market driven not the result of poor advice or product failures. New case filings through July reflect a 12% decline when compared to the same period 2010. Read More