In a rare public appearance Thursday, Stan O’Neal, chairman and CEO of Merrill Lynch, took indirect aim at regulators and perhaps even New York State Attorney General Eliot Spitzer in particular.
The SIA’s Mutual Fund Reform Conference, held in New York City’s Grand Hyatt Hotel on Tuesday, had an unexpected guest in the form of NASD Chairman and CEO Bob Glauber.
The latest move to influence the SEC’s much awaited decision on the fate of the proposed “broker-dealer exemption rule” came today from the Consumer Federation of America, a nonprofit association representing 50 million Americans...
Allegations against broker/dealers these days have become somewhat commonplace. Still, it’s unusual for the SEC to file charges of civil fraud against a firm for the actions of one of the firm’s registered reps, which is what the SEC...
Wirehouse brokers with hybrid books of business—those with both retail and midmarket institutional accounts—could soon be on the endangered species list, if the recent actions of Merrill and UBS are any guide.
It's no secret that sales assistants are the administrative linchpins of many a brokerage office, but never before has their role been so crucial to the smooth operation of their practices.
Talk about paying to play. Three registered investment advisors were accused by the SEC of accepting cash payments from TD Waterhouse in return for putting client assets with Waterhouse. The SEC announced in late September that it had fined TD...
A Morgan Stanley advisor sat at his desk a few months ago, reviewing his professional life. During the late 90s boom, he had been trading millions of dollars a day. When, like many reps, he crashed to earth in the boom's aftermath, he had to re...
For many Americans, Tuesday, Nov. 2 will be a tense and exciting day, as the country decides who will sit in the White House for the next four years. For Wall Street, however, which candidate ultimately rules the world's highest roost may only be...