Edward Jones finished No. 1 in Fortune magazine's annual list of the 100 Best Companies to Work for in America. This is Jones’ fourth appearance on Fortune’s list, but its first No. 1 ranking. Fortune&...
With the SEC knee-deep in investigations and proposed rule changes, Chairman Harvey Pitt needed additional ammunition to handle the workload. So President Bush helped out by filling two of the four empty SEC...
The SEC and NASD are investigating Merrill Lynch, Morgan Stanley, Salomon Smith Barney, Prudential Securities and UBS PaineWebber for their alleged involvement in IPO underwriting scandals, an attorney involved in the...
If analysts, asset managers and Merrill Lynch reps are to be believed, the fourth-quarter earnings reported today will indeed have been the worst of it for the nation’s largest brokerage. They better hope so...
The number of cases filed with the NASD Dispute Resolution Arbitration Forum jumped 24% in 2001, an increase of almost 1,400 cases, according to the NASD’s year-end statistics, which was announced today. The 1...
NASD Regulation today announced a disciplinary settlement in which it fined Tower Square Securities, a subsidiary of Citigroup with 700 brokers, $200,000 and ordered the firm to make $4.3 million in restitution to a...
The NASD received 363 comments on its proposed detailed set of rules governing how brokers can correct inaccurate customer dispute information on their CRD records, the NASD told Registered Rep. Magazine. The comment...
Can you say annuitization? Prudential Securities brokers had better get comfy with that wirehouse jargon for fee-based advisory business or get used to making less money. Pru announced that it has introduced a new...
Today the big story on Wall Street was Merrill’s massive $2.2 billion charge against fourth-quarter earnings for layoffs. What the headlines didn’t say was that the firm was actually adding brokers to its...
Salomon Smith Barney brokers who produce less than $250,000 and have been in the business for five years or more will receive a lower payout of 1%, according to brokers familiar with the compensation change. The 1%...
