Trader Jett Asked to Pay Up, Again Joe Jett, the young bond trader at Kidder Peabody, who was the central figure in one of Wall Street's most high-profile trading scandals, has been told to pay up to the tune of $8.4 million. Jett, who now runs...
Don't call Mark Beloyan a penny stock tout. Sure, Beloyan speculates in low-priced securities. And, yes, his book is built around trading and finding retail investors who want to make a bet on the shares of companies that are more or less still in...
Those darn SAT scores will always come back to haunt you especially if you're a hedge fund manager. At least according to the findings of a recent study titled Investing in Talents: Manager Characteristics and Hedge Fund Performances. The...
When a client brings in new assets to invest, you probably start by weighing the virtues of bonds versus stocks, mutual funds versus ETFs and global markets versus the good old U.S. of A. But before you throw down an eight-pound leather-bound...
Three years ago, Kalita Blessing set out on a mission. She was determined to rev up her bottom line. Blessing, a principal with Quest Capital Management in Dallas, met with a business coach, and came up with a promising though daunting plan...
Over the years, bank-based brokerages haven't posed much of a threat to Wall Street firms' pursuit of high-net-worth individuals. Most bank brokerages had pretty limited offerings: your basic line of annuities, life insurance and mutual funds. And...
Merrill Lynch doesn’t report third quarter earnings for another couple weeks, but with many peers already having taken it on the chin, analysts expect significant pain for Merrill too.
The countdown to dooms—uhh, the deadline for complying with repeal of the broker/dealer rule is creeping onward with less than 10 days left. Since the court ruling in March, some of Wall Street’s largest firms have been grappling to...
The lobbying group of plaintiffs’ lawyers who represent customers in disputes with their brokers is calling on FINRA and the SEC to “immediately halt” the practice that allows arbitration panels to expunge customer complaints...
