Rick Weinberg

Editor's Note: This story was updated May 16, 2001 Morgan Stanley enraged brokers last December when, without warning and on two weeks notice, the firm boosted its minimum gross production requirements. But, in light...

Salomon Smith Barney producers are mildly supportive of a bonus plan the firm instituted for annuity sales at the beginning of the year. Brokers can earn nonretroactive gross commission bonuses of 5% to 20% based on...

After two years in development, A.G. Edwards has finally unveiled its new account statement, which includes asset allocation charts, more detailed reporting and some customization features. A.G. Edwards reps and...

Morgan Stanley Dean Witter officially became Morgan Stanley on April 2. The firm had announced in January that it planned to shorten the name. In March, Morgan Stanley's board approved dropping the Dean Witter moniker...

When Ken Clark begins one of his financial seminars, he picks out someone in the audience and tells the person she has won the door prize. But in order to collect the prize, she must give Clark one dollar. As Clark...

Since January, Prudential Securities has been requiring a basic risk-tolerance profile called the Financial Blueprint be completed when an account is opened. If not, commissions generated in the account are withheld...

Former A.G. Edwards broker Jimmy Lindsey and his brother Randy won a $150,000 judgment against the St. Louis-based firm, according to an NYSE arbitration case. A.G Edwards was ordered to wipe out a $128,571 debit...

When a broker jumps from one firm to another, and the firm sues--claiming its customer lists are a trade secret and that former employees shouldn’t be allowed to solicit clients--the law firm that Merrill Lynch...