It's a familiar occurrence these days brokers fighting their former employers over money held in deferred-compensation plans. A group of former Smith Barney advisors recently won a judgment that would return over $8...
A new study of mutual fund firms' enforcement capabilities affirms what many in the industry have known for some time omnibus accounting practices by fund intermediaries make catching timers virtually impossible. The...
A new study of mutual fund firms’ enforcement capabilities affirms what many in the industry have known for some time—that omnibus accounting practices by fund intermediaries make catching timers virtually...
A little more than a year after the historic $1.4 billion settlement, the securities industry has quietly begun the process of winning back what it gave away in those scandals.
Stephanie Villalba is a high-ranking Merrill Lynch executive, but on a recent business trip, she found herself in a more humble position. While flying on the firm's corporate jet with some male colleagues, Villalba...
In recent years, Prudential Securities has fended off numerous challenges to the legality of its deferred compensation plan, known as MasterShare, but it might have more than the usual amount of trouble shaking Yaakov...
In recent years, Prudential Securities has fended off numerous challenges to the legality of its deferred compensation plan, known as MasterShare, but it might have more than the usual amount of trouble shaking Yaakov...
New Hampshire securities regulators are suing Morgan Stanley, charging that in 2002 the firm encouraged its brokers to sell proprietary mutual funds by using sales contests, a violation of NASD rules.
One problem with focusing on big-game clients is that sometimes they grow too big a fact one West Coast wirehouse broker learned the hard way. The client in question was a good one who got even better when he sold his...
