News

RBC Dain Rauscher Completes Merger With Sutro

Mirroring its focus on high net worth investors in the U.S., Merrill Lynch has decided to concentrate on wealthy individuals in Japan.

Several former Salomon Smith Barney brokers seeking the authorization to start a national class action suit against the firm’s Capital Accumulation Plan (CAP) had their request rejected by a federal judge.

New Page 1 Contact: Kimberly Duty, (202) 974-2333, [email protected] FOR IMMEDIATE RELEASE www.nmhc.org March 15, 2002 ANNUAL NMHC RANKING OF TOP APARTMENT FIRMS SHOWS CONSOLIDATION CONTINUES DESPITE DOWNTURN WASHINGTON, DC -- Despite the challenging...

Morgan Stanley has begun charging clients for basic brokerage services that were previously free, according to brokers from the firm. The firm also raised fees on basic brokerage services, according to the reps. The change in company philosophy is...

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...