Scott Martin has been covering the financial markets since 1996 and the securities business since 2001. He was a long-time columnist for Research, market writer at CNNfn.com, and editor of Buyside; his work currently appears in publications like The Trust Advisor, Institutional Investor, and EmergingMoney.com.| Independent Broker-Dealers Plead For Lower SIPC Fees |
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| Thursday, March 24, 2011 05:06 | ||
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Representatives of the National Association of Independent Broker-Dealers (NAIBD) are actively lobbying with the SIPC to lower their fees back to pre-Madoff levels. If you're a private wealth advisor, please join Advisors4Advisors (A4A) to get its full benefits. Register now, and we will donate $20 of our $60 membership fee to Bubbles The Clown’s financial literacy program, and you can post an icon on your website saying you support Bubbles' 501(c)3 charitable organization. Plus, get other membership benefits, including:
Otherwise, hardships could emerge for pay-for-service firms in particular, the group explains.
The goal is to return SIPC fees back to where they were before Bernie Madoff's crimes became known -- roughly 95% down from here for some firms. Comments (0)Write commentYou must be logged in to post a comment. Please register if you do not have an account yet.
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