|
|
Prudential Financial Brokers Told to Produce or Leave
Prudential Financial's subsidiary, Prudential Securities, is losing close to one million dollars every day it is open for business - approximately $239 million last year, of which $79 million was lost during the fourth quarter.
The firm has reacted by telling brokers that, by the end of next year, they must generate about $600,000 annually in gross commissions. Additionally, brokers will be pushed to maintain at least 50% of their accounts as fee-based accounts.
Source: Investment News, April 1, 2002
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Research
|
Calendar
|
Contact
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2005-2007 FinancialCounsel.com, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
