For the first time in its 115-year history, A.G. Edwards is cutting its workforce, but the St. Louis-based company says its broker force of around 7,300 will not be included in the reduction. The firm says it will slash 400 jobs, or 2.35 percent...
DECEMBER UBS PaineWebber Succumbs to Pressure, Says It Will Not Fine Reps For 'Flipping' Dec 28, 2001 Update: NASD’s Ruling on Client Account Transfers ‘Clear Victory’ For Brokers, Customers Dec 28, 2001 NASD Adopts New Rule...
Merrill Lynch’s Stanley O’Neal and David Komansky were “limited” to $1 million cash bonuses in 2001, but the top two company executives received additional company stock to make up the difference, according to brokers at...
New Page 4 Brokers Sue Salomon Analyst Jack Grubman Former Salomon Smith Barney brokers blame the telecom booster for losses by WorldCom employees who followed Grubman’s advice New York – February 25, 2002 — Two Smith Barney...
Morgan Stanley is in the process of developing a new global branding campaign, yet the firm will not reveal the full details of the plan. The new branding campaign, which is being handled by the Chicago-based firm of Leo Burnett USA, will debut in...