Eliot Spitzer, the New York Attorney General, said in a speech that he could have convicted Merrill Lynch of securities fraud for its conflicts of interest in its research,
Morgan Stanley has unveiled a new compensation plan for brokers that rewards fee-based business and penalizes transactional business. The plan, announced in mid-September to brokers, begins in January 2003.
Sandy Weill, chairman of Salomon Smith Barney's parent Citigroup, acknowledged that his firm may have engaged in some inappropriate behavior during the bull market and said that Citigroup would have to make "amends"...
Merrill Lynch President Stan O’Neal spoke at his firm’s financial services conference today in New York about the erosion of investor confidence and restoring investor trust. But the buzz was all about a...
Raymond James Financial was ordered by an NYSE arbitration panel to pay Wachovia Securities $6.6 million for improperly recruiting two brokers and a branch manager. Raymond James is considering appealing the decision...
Matt West thought he had it made when he became a Houston financial advisor three years ago. He quickly landed in Merrill Lynch's top quintile and stayed there. He built up a book of $40 million and generated $500,000...
