A broker won nearly $10 million from his former employer, Waddell & Reed, last week—six years after first suing the broker/dealer for smearing his reputation and eight years after being fired in the wake of his testifying against the firm at...
Three years after the SEC charged five Boston-based Prudential Securities brokers for abusive mutual fund trading, one of the accused is being temporarily barred from association with any broker/dealer or investment advisor.
For the first time in its 68 years as a self-regulatory organization, the National Association of Securities Dealers sued the Securities and Exchange Commission over a right it was never granted. Guess what? It lost.
Broker/dealers had a very strong 2005. But so too did the regulators. According to Susan Merrill, chief of enforcement for the New York Stock Exchange Regulation, 2005 was a “landmark year for enforcement.” In a “year-in-review&...
It is by now old news that Linsco/Private Ledger sold a 60 percent stake in itself to two private equity firms in late October, after years of talk about taking the firm public. The deal values LPL at $2.5 billion, a very nice price indeed: The...
After vastly simplifying it’s payout structure earlier this year, Wachovia Securities announced in a memo to brokers Tuesday that it would make some more tweaks in 2006 and raise ticket charges on some in-house money management products to...
A mother-daughter broker team won a $1.98 million sex-discrimination arbitration award from Merrill Lynch, as the brokerage giant got dinged—again—for allegedly mistreating its female reps.
Merrill Lynch and Smith Barney—both set to close their respective acquisitions of Advest and Legg Mason on Dec. 1—continue to see the booty they bought walk out the door. The purchases would have added hundreds of regional brokers to...
Location City: Boston Area Location State: MA Base Salary: $65,000 - $75,000 DOE Bonus & Incentives: Annual discretionary bonus. Position Responsibilities: The Trust Client Services Administrator at this law firm is comparable to a Trust Officer...
Location City: Ft. Myers, Naples Location State: FL Base Salary: 60000-90000 Bonus & Incentives: 25% Position Responsibilities: As a Private banker you will be responsible for loan development with high net worth clientele. Education and...