Experts Predict the Death of the Broker (Yeah, that old chestnut)

“Bill Singer foresees stock brokers not existing after this generation and instead the market will have commission-paid telephone operators who dole out information.” Forbes, August 2009 Another era, another article discussing the Death of the Broker.  My friend/buddy/pal Bill Singer, a maven on all subjects pertaining to the broker/dealer and regulatory world, is quoted in…

What Obama's "Brokers As Fiduciaries" Change Really Means

In Obama‘s new regulatory reform proposal, there is language concerning how brokers are looked at and treated versus investment advisors. From the Wall Street Journal: Currently, brokers are only required to offer investments that are “suitable,” which means they can’t put clients in inappropriate investments, such as a highly risky stock for an 80-year-old grandmother….