I'm From the Government. I'm Here to Help You
Dec 09, 2002
The landmark Sarbanes-Oxley Act–passed this summer in the wake of the deluge of Enron and Worldcom-like scandals–was hurriedly put together, and much of the corporate world was left reeling, wondering what was now...
Merrill Lynch Wins, Suit Dismissed by NASD Arbitration Panel
Dec 06, 2002
Merrill Lynch Wins, Suit Dismissed by NASD Arbitration Panel
Tables Turned on Schwab?
Dec 05, 2002
Tables Turned on Schwab? Suit claims Schwab, contrary to its ads, was not conflict free
Merrill Merges U.S., Global Brokerage Units
Dec 04, 2002
Merrill Lynch, the nation’s largest brokerage firm, confirmed yesterday that the firm would be merging its U.S. and global private client operations. The firm also said that Kelly Martin, who has been head of the global private...
Price Departs Pru
Dec 04, 2002
Jamie Price, who had been president of Prudential Securities’ private client group, has left the firm and is moving to UBS PaineWebber, where he will report to Mark Sutton, head of PaineWebber’s private client group. Pru is replacing...
Data OverloadFive firms fined $8.25 million for record-keeping violations
Dec 04, 2002
Regulators today announced that they have fined five brokerage firms a combined $8.25 million for failing to adhere to record-keeping requirements. The fines were levied by the SEC and self-regulatory bodies NYSE and NASD.
Weill Postpones Elimination of Salomon Name
Dec 04, 2002
Sandy Weill, the chairman of Salomon Smith Barney’s parent Citigroup, has informed brokers and other employees that plans to eliminate the Salomon name, a Wall Street hallmark for nearly a century, have been postponed, according to sources.
Charles Schwab Accused of Its Own Conflict of Interest
Dec 03, 2002
Charles Schwab Accused of Its Own "Fraudulent" Ads. Hoist on its own petard? Schwab ads a lie, suit says
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Dec 02, 2002
Red Book Online places a wealth of information at your fingertips. With a few clicks of your mouse you can connect with a wide range of career resources specifically for financial services professionals. You'll find dozens of categories and...
Going Upstream. Prudential gives up bringing the U.S. brokerage model to the Old World
Nov 27, 2002
Prudential Financial, the holding company for Prudential Securities in the U.S., says it intends to focus solely on high-net-worth individuals in Europe. In doing so, Prudential yesterday said it will sell or close a number of its retail...
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