LPL agrees to pay
October 30, 2009 by Anthony · Leave a Comment
LPL agrees to pay 1.3M….
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091029/FREE/910299989/-1/Topic
Market Update 10/30/2009 4:01 pm
October 30, 2009 by Magnifico · Leave a Comment
Market didn’t manage to reverse from its losses throughout the morning. Bad sentiment is quoted as the main reason but after yesterday’s GDP increase market will do what it wants……next week will be interesting with some major economic indicators.
DOW -254.46 (-2.55%)
NASDAQ – 53.59 (-2.55%)
S&P 500 -30.12 (-2.83%)
Market Update 10/30/2009 12:03 pm
October 30, 2009 by Magnifico · Leave a Comment
Stocks stage sell off after weak consumer report
DOW -151.38 (-1.52%)
NASDAQ -31.64 (-1.51)
S&P 500 -17.61 (-1.65%)
FINRA’s registration renewals and new hires
FINRA’s renewals are mandatory for all registered personnel, but how fair is it for reps who are looking to change firms. If a rep decides to change firms in the last quarter, FINRA charges the rep registrations for 2009 at the new firm and then is expected to pay 2010 registration fees for December. Reps need to [...]
FINRA 2010 registration renewal
October 30, 2009 by Don · Leave a Comment
FINRA’s annual registration renewal program will be commencing shortly with the preliminary statement coming out on November 14th. All registered personnel are required to renew their registrations. Broker Dealers will have different schedules for collecting registration fees from their registered reps, however all broker dealers must submit their payment to FINRA by December 11, 2009. [...]
Scottrade fined $600,000 for AML violations
October 30, 2009 by Don · Leave a Comment
Scottrade was fined $600,000 for AML violaitons by FINRA for not having enough AML review policies in place to support the size of the business and volume of transactions. Scottrade didnt have sufficient procedures from 2003 to 2005 where there was no systematic system to monitor the sheer volume of transactions to report suspicious activties. [...]
Market Update 10/30/2009 8:38 am
October 30, 2009 by Magnifico · Leave a Comment
Consumer spending fell in September fell by 0.5% – the first time in five months.
Personal income was flat last month – after rising 0.1% in August.
First Move on 10/30/09
October 30, 2009 by Magnifico · Leave a Comment
Tim Seymour suggests long Banco Santander Brazil (BSBR)
Joe Terranova suggests long Goldman (GS)
Karen Finerman prefers long Yum (YUM)
Steve Grasso thinks Motorola (MOT) is a buy.
Click here for more on CNBC’s Fast Money.
China’s Nasdaq-Style Market Makes Strong Debut
October 30, 2009 by AJ · Leave a Comment
China’s ChiNext stock market, a long-awaited Nasdaq-style second board that aims to turn local start-up firms into budding Microsofts or Intels, kicked off trading on Friday with strong gains, in line with expectations. Check out the story below.
http://www.cnbc.com/id/33543483
Market Update: 10/30/2009 7:34 am
October 30, 2009 by Magnifico · Leave a Comment
Bank of Japan leaves rate unchanged @ 0.1%. After huge rise in the U.S. Japan and China fallowed as well but Europe was mixed. Futures moved lower pending reports coming throughout the morning.
