Morgan Stanley has announced it is conducting an in-house conflict-of-interest probe. The firm’s chief executive officer Philip Purcell, speaking at the Securities Industry Association’s national conference in Florida this past week...

If you didn’t already know the New York Stock Exchange was waist-deep in turmoil, Dan Webb’s presence there would be a good indication of something amiss. Like many a troubled institution before it, NYSE has hired Webb, one of the...

Boca Raton—SEC Chairman William Donaldson's favorite word is distressed—at least that was true during both his speech to the Securities Industry Association annual meeting and the press briefing that followed. It was somewhat ironic...

Boca Raton, Fla.--Nov. 6. It's the best of times and the worst of times for the securities industry, said Marc Lackritz, the president of the Securities Industry Association. In kicking off the SIA's annual meeting this morning, Lackritz said that...

The investigation into mutual fund trading abuses is widening, with the release of a complaint filed by the Massachusetts Securities Division against brokers who formerly worked in Prudential Securities’ hub office in Boston. The brokers&...

The investigation into mutual fund breakpoints shows that investors were consistently overcharged for mutual fund purchases when they should have been discounted.

The mutual fund trading scandals headlines seemed to implicate mutual fund family executives and hedge funds—everybody but individual retail brokers and brokerage management. But a new survey by the SEC charges that brokers with abusive...

CEO Stan O'Neal says the company is accelerating its hiring of financial advisors.

Edward Jones has been hit with a fine of $2.7 million by the NASD, which ruled in an arbitration hearing that one of the firm’s brokers overloaded a client’s account with unsuitable investments on margin. William and Jean Torrence...

Former Smith Barney broker Phil Spartis, who was responsible for overseeing the options exercise program for WorldCom employees, has been cleared of a charge brought against him by the New York Stock Exchange for failure to cooperate with the...