Merrill Lynch, the nation’s largest brokerage firm, confirmed yesterday that the firm would be merging its U.S. and global private client operations. The firm also said that Kelly Martin, who has been head of the global private...

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 client group. Pru is replacing...

Regulators today announced that they have fined five brokerage firms a combined $8.25 million for failing to adhere to record-keeping requirements. The fines were levied by the SEC and self-regulatory bodies NYSE and NASD.

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 hallmark for nearly a century, have been postponed, according to sources.

Charles Schwab Accused of Its Own "Fraudulent" Ads. Hoist on its own petard? Schwab ads a lie, suit says

Ray Jensen thought he was handling the stress of the bear market well. Until July. That was when the market plunged for four weeks in a row, brought down by more revelations of corporate scandal and dimmer prospects for an earnings rebound. Not...

Someday, the year 2002 will be considered an inflection point, a time when everything that could go wrong, did go wrong a year of profound change. For brokers and financial advisors, it may also be remembered as the year in which those who knew...

Say what you will about mutual fund companies, but one thing they are good at is paying attention to the mood of the investing public. Back in the 1990s when folks wanted to get in on the tech boom, the industry created hundreds of tech funds. Now...

When wirehouses and other major brokerages introduced the notion of call centers a couple of years ago, brokers were suspicious. Although they understood the logic behind the move (to cut costs by giving smaller clients a less costly form of...