Industry must stay focused on putting clients’ interests first, says SIA president
Most investors report satisfaction with quality of service
Calls proposal incomplete
Firms tighten belts to control expenses
The Securities Industry Association has issued new research indicating that retail brokers’ commissions rose a bit in 2003, but remained well below their highs of 2000. Rep revenues also significantly lagged the market.In a separate report, the SIA found that cutting the maximum tax rate on dividends in the U.S. has spurred dividend growth. The […]
A couple of days after brokerage firm Morgan Stanley agreed to a US$54-million settlement over allegations of gender discrimination, the U.S. securities industry trade association is out touting its diversity initiatives. In testimony Thursday before the House Financial Services Committee, Securities Industry Association president Marc Lackritz outlined initiatives to increase the diversity of the securities […]
Pace has leveled off, SIA says
Forget plan to shorten settlement cycle
Wall Street successfully simulates response to physical attacks
The Securities Industry Association is lauding the NASD for initiating a Mutual-Fund Task Force and said it looks forward to working with the panel.Announce earlier this week, the task force is aimed at finding ways to make mutual fund costs and distribution arrangements more transparent.“The securities industry is committed to improving the clarity of information […]