As the Dow Jones Industrial Average blasted to record highs recently, everyone but the short-sellers celebrated the accomplishment. While the day-traders danced amid confetti, older shareholders with a longer-term relationship to their stocks...
Not everyone can be a great hitter, fielder and pitcher. That's why teams work. And not just in the realm of baseball. Over the last several years, there has been a decided trend for financial advisors to practice in teams of two or more rather...
Morgan Stanley underwent a major management shakeup yesterday. Effective tomorrow, December 1, James Gorman, president of the firm’s Global Wealth Management Group will take on a co-president role at Morgan Stanley
The EEOC is investigating claims made by former Morgan Stanley advisors that the firm discriminated against older workers when it laid off 1,000 financial advisors back in 2005, according to a story in the Associated Press.
A friend of ours brings this interesting piece by former-MTV VJ Tabitha Soren's husband (hint: he wrote a much-loved book about the trading-floor culture at Goldman Sachs)
When the going gets tough, the tough get … laid off. We’re not sure how hard Wall Street will be hit by pink slips, but one recruitment firm estimates that about 140,000 employees will be let go in the aftermath of the credit crunch
After three years of raking in multi-billions in fines, the Securities and Exchange Commission collected just $1.6 billion in penalties in the year ending September 30. It’s the lowest amount since 2002 (when fines totaled $1.4 billion); it&...