The president of one of Wall Street's largest training firms says sluggish market conditions haven't slowed down enrollment in his company's exam preparation courses. "Last year, online brokerage firms were getting a lot of people registered...
RR Online synopsis of industry-related Web sites Web sites of interest to brokers, including regulatory organizations, broker/adviser groups, industry trade groups and industry organizations. There are also direct links to firms' press releases...
Following several years of furious spending on acquisitions, First Union is concentrating on “expense management and expense control” in 2001, President and CEO Ken Thompson told analysts Tuesday during a conference held by Credit...
The decision to hire former President Bill Clinton to speak at Morgan Stanley’s annual High Net Worth conference earlier this month was called “a mistake” by firm Chairman Philip Purcell. A company spokesperson, quoted in an...
In a move that Citigroup claims will strengthen its brand globally, SSB Citi Asset Management Group has changed its name to Citigroup Asset Management. Thomas Jones, co-chairman and CEO of Citigroup Asset Management, said in a Feb. 5 statement: &...
For sticking it out during the transition of the merger with Royal Bank of Canada, Dain Rauscher reps will receive retention bonuses worth an estimated $100 million, according to Ron Tschetter, president of Dain’s Private Client Group. The...
To continue its evolution toward fuller service, online discounter E*Trade had planned to add 401(k)s to its stable of E*Trade Bank offerings early this year. But the firm’s initiative has slowed, according to an E*Trade spokesperson. The...
Wick Simmons won't be joining Raymond James' board of directors after all. According to Nasdaq spokesperson Andrew MacMillan, Simmons has decided not to pursue the position after Nasdaq determined that it would be a conflict of interest for...
Many “do-it-yourself” investors say a broker’s specialized investment knowledge makes it worthwhile to seek professional help, according to a survey by the Forum for Investor Advice. The survey found that investors who use...
Ex-Merrill Broker Wins $282,000 Rep disputed firm's claim of "job abandonment."An NASD arbitration panel in December awarded a former Merrill Lynch broker $282,000 in a wrongful termination claim.Rep Craig Larson was recruited by Merrill from...
