The racial-discrimination suit against Merrill Lynch is under way again after settlement talks between African-American brokers and the firm came to a halt in early June.

Blas Catalani, a former sales manager at Merrill Lynch’s San Antonio office, is suing a female ex-broker and her lawyer on grounds that the two women conspired to get him fired.

With the ink still drying on its deal to purchase Piper Jaffray’s brokerage arm, UBS announced today it will now buy Cleveland-based McDonald Investments, KeyCorp’s brokerage unit.

The New York Stock Exchange released second-quarter 2006 earnings data showing significant aggregate increases in revenues and profits for member firms today. But is the party winding down for brokerage firms?

The next few weeks may provide the perfect opportunity for meetings to discuss fourth-quarter strategies and preparations for a successful year’s end.

In an environment where traditional stockbrokers are being encouraged to offer broad financial-planning services, reps may not realize that, on the contrary, offering a specialized service is the key to success.

You might have to move to another brokerage house or go independent to offer your better clients the kind of treatment tehy want and can afford ... but aren't getting

What's an acquisition worth these days? Much more when you can deliver most of the reps, as UBS seems to be doing in its takeover of Piper Jaffray. As of the close of the deal on Aug. 14, UBS had retained a solid 85 percent of Piper's 840 reps

LPL advisors will ring in 2007 with some of the highest payouts in the industry.

Wesley Tate has joined Morgan Stanley after 20 years with Smith Barney.