In addition, he said, firms that cater to individual investors need material to serve as the basis for their investment recommendations.

What constitutes an investment recommendation when it comes from an online brokerage firm?

Specific services can include retirement and college planning, investment recommendations, analysis of appropriate insurance and even debt counseling.

Wall Street firms are not supposed to tailor their investment recommendations to get investment banking business.

He had to defend himself and his company from regulatory investigations into what motivated some of Citigroup's investment recommendations.

Governor Rowland has repeatedly denied any wrongdoing, and simply making investment recommendations would not be illegal.

The financial industry and lawmakers have yet to establish a consistent standard for providing investment recommendations to retail investors.

The employees seemed knowlegeable, offered investment recommendations and executed orders.

And personal trading should be consistent with investment recommendations, the rules say.