UBS PaineWebber recently lured six more high-producing reps into its fold, offering further evidence that the firm is engaged in one of the Street’s most vigorous recruiting campaigns.
Well before the year ended, 2002 was poised to set arbitration records but not the kind of records many would be proud of. For the year, the number of NASD arbitration claims reached 7,704, the greatest number in...
A study of the ratings systems at 30 brokerage firms showed significant improvement in their identification of companies heading into bankruptcy. On the down side, though, a surprising number continue to recommend...
The SIA has expressed serious concerns over proposed changes by the NYSE and SEC that would alter the qualifications by which a broker/dealer office is considered a branch office.
For the thousands of reps who have found themselves unemployed since industry employment peaked in 2000, the matter of retaining one's license to sell securities is a potential issue. Even those who have new jobs...
Executives from Merrill Lynch’s global diversity group say the firm has to do a better job in retaining and boosting the performance of women and minority financial advisors.
Regulators today announced that they have fined five brokerage firms a combined $8.25 million for failing to adhere to record-keeping requirements. The fines were levied by the SEC and self-regulatory bodies NYSE and...
The ax will fall at year's end for some 700 of 13,500 Morgan Stanley brokers. Some branches will be closed entirely. Earlier this year, the firm cut off hiring at 100 brokers, but resumed recruiting top producers. It...
Patrick McGurn, vice president and special counsel with Institutional Shareholder Services, said that even with a market recovery the industry will continue to feel the fallout of corporate scandals such as Enron...
