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Its not official, but the preliminary results of a recent study are showing what many in the industry have suspected for a while: that brokers have the upper hand in arbitrations versus investors.
The 10-year study–which includes data from nearly 14,000 cases–was compiled by Daniel R. Solin, an attorney for investors who is also a registered investment advisor, and Edward S. ONeal, an assistant professor of finance at Wake Forest Universitys Babcock Graduate School of Management. The duo analyzed every client-versus-broker arbitration case that had been brought before either the New York Stock Exchange or the NASD from 1995 through 2004 and featured a published award.
First, the study shows that investors have won less frequently as this decade has progressed. Over the period studied, the high point of wins for investors was in 1999, when 59% of arbitration cases resulted in some kind of award to investors. That percentage declined to 44% in 2004.
More : onwallstreet.com
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Investors have their ups and downs in the market, but when it comes to resolving disputes with Wall Street brokers, they seldom win, according to a critical study to be released next week.
For years investors and their lawyers have complained the little guy doesnt get a fair shake from the arbitration system, blessed by the U.S. Supreme Court two decades ago, when pursuing complaints about faulty research, unauthorized trades and other claims against brokers.
Next week Daniel Solin, a lawyer who represents investor cases against brokers, and Edward ONeal, an assistant finance professor at Wake Forest Universitys Babcock Graduate School of
The TOEFL results comprise four different scores : a total score (0-300),
a separate score for Listening section (0-30),
a separate score for Structure/Writing section (0-30) and
a separate score for Reading section (0-30).
The total score is reported on a scale from 0 to 300.
Note that your Essay score will individually be rated (0-6). However the essay score is incorporated into the Structure/Writing scaled score with the rating of essay constituting approximately one half of the Structure/Writing scaled score. You get to know your Listening and Reading section scores immediately after taking the test. You will also see your Structure/Writing scores as
Donald W. Cowie, CPA, MBA, announces AXA Advisors scholarships
Johnstown - Donald W. Cowie, CPA, MBA, Financial Planner with AXA Advisors, LLC, 1450 Scalp Ave., Suite 110, Johnstown, has announced the availability of AXA Achievement Community Scholarships.
Additional information and applications may be obtained by calling Cowie at 266-8641.
The AXA Achievement Community Scholarship program offers $2,000 college scholarships to high school seniors who have demonstrated outstanding achievement in their activities in school, the community or the workplace. The scholarships are sponsored by the AXA Foundation, the philanthropic arm of AXA Advisors LLC.
Applicants must be United States citizens or legal residents, be
Computer-based Test
How the Test Is Scored
In the Listening and Structure sections, more credit is given for correctly answering a hard question than for correctly answering an easy question. Therefore, your score on these portions of the test depends not only on how many questions you answer correctly but also on which ones you answer correctly.
Your score from the Structure section is combined with your written essay rating to form a Structure/Writing scaled score. Each part accounts for 50% of your Structure/Writing score. The Writing score also is shown separately under the heading, “essay rating.”
Because the content and format of the
Cracking the CAT or the Combined Admission Test is just not enough to get into the IIMs. Your Class X and XII marks matter more.
IIM-Bangalore has revealed the details of just what it takes to get into one of the country's top B- schools.
Contrary to popular perception, CAT scores make up only one-fifth of an aspirant's final score. Other criteria include the applicant's X and XII results, which together account for almost 25 per cent of the final score.
More : ibnlive.com
Creating history of sorts, IIM-B has made its admission process for class 2008 public. After terming its selection procedure a trade secret, the institute has now come out with the details. And in the process has dropped a bombshell: admission to IIM-B will also depend on how good you are in English!
Besides the usual group discussion (GD) and Personal Interviews (PIs), the institute has added another component before selecting a student -- language score -- for admissions 2008.
Significantly this year, the score for GD and GD summary content has gone down from 7.5 to 5. A new criteria
Graduate Health Professional Associations
Universities and other institutions that use TOEFL® scores have begun to set their TOEFL iBT score recommendations or requirements. These initial score standards will be reviewed by the institutions after the first year of testing.
The TOEFL iBT score scale is:
Test Section Score Range
Listening 0 to 30
Reading 0 to 30
Speaking 0 to 30
Writing 0 to 30
Total Score 0 to 120
TOEFL iBT provides more information about the applicant’s abilities to communicate in an academic English language environment. To make best use of the score information, some institutions plan to set section or skill score requirements either by themselves or
ICFAI Business School, Mumbai (IBS-M) ranks 15th on placement (with a total score of 211.86) in the Cosmode Management Centre-Business World Top 100 B-Schools Listing of 2004. The ranking was based on performance on the following parameters: industry interface (which had a weightage of 50 points in the total validation score of 300), alumni (15 points), students offered stipend, foreign placed and students selected per recruiter (10 points, each), average salary offered (100 points), qualitative evaluation (30 points) and validation score (75 points). The validation score was highest for schools that submitted all supporting documents. IBS-M has scored 32.2 points
The admissions process for the third batch of IIM-As Post Graduate Programme in Management for Executives (PGPX) is now complete.
IIM-A received 1352 applications this year, which is an increase of about 60% over the previous year. IIM-A is targeting a batch size of 80 with one section.
The average GMAT score for the entering batch of 2008 is a high 731. This is amongst the highest in the world. For instance, the entering class of 2006 at Harvard Business School had an average GMAT score of 707, and Wharton had an average GMAT score of 713.
More : mbauniverse.com
Jagan Institute of Management Studies (JIMS), Delhi ranks 25th on placement (with a total score of 191.02) in the Cosmode Management Centre-Business World Top 100 B-Schools Listing of 2004. The ranking was based on performance on the following parameters: industry interface (which had a weightage of 50 points in the total validation score of 300), alumni (15 points), students offered stipend, foreign placed and students selected per recruiter (10 points, each), average salary offered (100 points), qualitative evaluation (30 points) and validation score (75 points).
The validation score was highest for schools that submitted all supporting documents.
JIMS has scored 34.6 points
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