They will look to advisors for investment solutions, not securities selection, says Investor Economics
Regulators cite "significant investor protection concerns"
Falling rates spark Q1 rally
Fourth consecutive quarter of earnings growth
Firms have a year to get ready for June 2005 start
Would be in conjunction with U.S. decision to close markets
Firms must obtain beneficial ownership information for non-individual accounts
Failure to supervise HSBC Securities rep nets $25,000 fine
Member firms and affiliates must keep adequate records
Expresses disappointment over delay of capital tax reduction