Daniel Calugar, a former Las Vegas stock trader, settled with the SEC regarding charges involving market timing and late trading of mutual funds. The settlement will require him to pay a record $153 million in penalties.
New York Stock Exchange Regulation, along with the New Jersey Bureau of Securities, today announced that UBS Financial Services was fined $49.5 million for failure to supervise the deceptive market timing activities of its brokers.
The NASD Board of Governors announced today that Mary Schapiro, currently the self-regulator’s head of Regulatory Policy and Oversight, will become the NASD’s chairwoman when the term of its current chief, Robert Glauber, ends in...
Location City: Dubuque Location State: IA Base Salary: 90000 Bonus & Incentives: Eligible for the officer's bonus Position Responsibilities: $1 billion dollar wealth management department in a regional bank in Dubuque, IA... is looking for a...
Location City: Traverse City and Petoskey Location State: MI Base Salary: $50K - $55K Base + Competitive Incentive Position Responsibilities: Major Midwestern Bank seeks strong individuals to serve as Private Client Relationship Managers...
Location City: Western portion of state Location State: MA Base Salary: $125,000 - $130,000 DOE Bonus & Incentives: Includes: 1) Annual bonus incentive eligibility. Payout has averaged 30%. 2) Stock Options Position Responsibilities: Subsidiary...
Talk about an embarrassing blunder: Aspiring brokers who took and failed the Series 7 exam between Oct. 1, 2004 and Dec. 20, 2005 may have passed the test after all...
Like many brokers that sell their own mutual funds under their own name, Merrill Lynch has been struggling to drum up sales. In the latest move, the Wall Street giant announced that it intends to change the name of Merrill Lynch Investment...