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Halah Touryalai

Halah’s Recent activity

The Winner's Curse
Jan 01, 2006
There is trouble brewing in independent broker/dealer-land. Operating costs are rising, recruiting efforts for advisors are starting to resemble an arms race and marginal reps will continue to be culled. In short...
Broker Cleans Up Millions From Dirty Campaign Charges
Dec 20, 2005
A broker won nearly $10 million from his former employer, Waddell & Reed, last week—six years after first suing the broker/dealer for smearing his reputation and eight years after being fired in the wake of his...
Former Pru Broker Penalized for Abusive Trading
Dec 16, 2005
Three years after the SEC charged five Boston-based Prudential Securities brokers for abusive mutual fund trading, one of the accused is being temporarily barred from association with any broker/dealer or investment...
Smith Barney: New Focus On the Horizon
Dec 01, 2005
Citigroup Smith Barney Legg Mason Wood Walker. It's got a nice ring to it, doesn't it? No, that won't be the name of the new Smith Barney colossus created by the addition of Legg's 1,300-plus retail advisors. When...
LPL Deal Signals Seller’s Market for B/Ds
Dec 01, 2005
It is by now old news that Linsco/Private Ledger sold a 60 percent stake in itself to two private equity firms in late October, after years of talk about taking the firm public. The deal values LPL at $2.5 billion, a...
Bernanke Nomination Applauded by Brokerage Industry
Oct 24, 2005
With the nomination of Ben Bernanke to chairman of the Federal Reserve Board—likely the most powerful banking job in the world—President Bush hit the nail on the head, say brokerage industry officials, as...
UMAs: The Next Big Thing
Oct 24, 2005
The unified managed account (UMA), the latest permutation of a separately managed account (SMA), is being billed as the “next big thing” for financial advisors. Such billing is cause enough for skepticism...