Our President here, Tom Mullooly, was featured this morning in a USA Today article surrounding Merrill Lynch. The article talks about how Merrill Lynch will no longer offer clients the option of opening a commission-based IRA accounts. This is a very big step for the industry, and it will be interesting to see what other firms do from here. To read the full article, follow the link below.
Here’s what I’ve been reading this morning:
‘Merrill Lynch Hammers Nail In Coffin For Investment Commissions’ – Robert Powell – USA Today
‘Why Do Investors Fear The Insane Clown Posse?’ – Anthony Isola – A Teachable Moment
‘SEC Breaks Record for Number of Enforcement Cases’ – Jean Eaglesham – The Wall Street Journal
‘The World’s Best IPO Has Gained 6,000%, But Analysts Say Stay Away’ – Benjamin Robertson – Financial Advisor
‘The Jeff Bezos Regret Minimization Framework’ – Ben Carlson – A Wealth Of Common Sense