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Rick Weinberg

Rick’s Recent activity

Pru to Admin Managers: Close Your Books
Feb 01, 2003
Prudential Securities informed its administrative managers at the beginning of the year that if they were also producing brokers, they were no longer going to be paid commissions, according to sources. The firm...
Pru Tells Admin Managers To Dump Books
Jan 17, 2003
Prudential Securities informed all of its administrative managers that if they were also producing brokers, they were no longer going to be paid commissions.
UBS PaineWebber Cuts Bonuses, Expense Accounts
Jan 01, 2003
Brokers at UBS Securities received a double hit of bad news in early December. Not only were they informed that the bonuses they receive for assets under management were being cut, but expense accounts are being...
Supreme Court Favors Arbitration in Brokerage Cases
Dec 18, 2002
The Supreme Court has reaffirmed its stance that the arbitration forum is the proper venue for deciding brokerage cases. The high court recently ruled unanimously that an arbitration forum—not a courtâ&...
PaineWebber Cuts Bonuses, Expense Accounts
Dec 11, 2002
Brokers at UBS PaineWebber received a double hit of bad news this week in this tough time for brokerages. Not only were they informed that the bonuses they receive for assets under control were being cut, but expense...
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 ...
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...
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