NASD Arbitration Panel Orders Merrill To Pay $192,000 to Ex-ClientApr 29, 2002,By Rick Weinberg An NASD arbitration panel today ordered the firm to pay a former client $192,000 for giving her "unsuitable'' advice.... REGISTERED REP. MAGAZINE HONORS AMERICA’S LEADING STOCKBROKERSApr 29, 2002
New Page 1 PRIMEDIA’S REGISTERED REP MAGAZINE HONORS AMERICA’S LEADING STOCKBROKERS 22nd Annual Outstanding Broker Awards Recognize Ten Innovative and... Pru to Slash Workforce; Up to 300 Small Producers on Chopping BlockApr 26, 2002,By Rick Weinberg Prudential Securities has begun a firm-wide campaign to ax under-producing brokers, according to several Prudential sources. Perhaps as many as 300 reps may be dismissed over the next few months.... Merrill Issues Talking Points to Brokers to Deny Any WrongdoingApr 25, 2002,By Rick Weinberg Merrill Lynch has issued to all of its brokers a memo that contains "talking points" to address potential questions and concerns from clients on the investigation of its research practices by New York’s attorney general.... Merrill To Close More Private Client Offices, Gorman SaysApr 23, 2002,By Rick Weinberg Merrill Lynch will continue to close more private client offices in order to slash costs, according to James Gorman, president of the firm's U.S. private... SHOPPING CENTER WORLD HONORS RETAIL INDUSTRY’S TOP DESIGNS AND ARCHITECTURAL ACHIEVEMENTSApr 18, 2002
PRIMEDIA’S SHOPPING CENTER WORLD HONORS RETAIL INDUSTRY’S TOP DESIGNS AND ARCHITECTURAL ACHIEVEMENTS 13TH Annual Superior Achievement in Design and Imaging... Interest in Financial Planning Has Grown Since September 11: FPA SurveyApr 18, 2002,By Rick Weinberg Investor concern about financial planning has increased since September 11, according to a Financial Planning Association (FPA) survey. Some 53 percent of those surveyed said the terrorist attacks increased the importance of planning.... Shopping Center World Honors Retail Industry’s Top Designs...Apr 18, 2002,Shopping Center World PRIMEDIA’S SHOPPING CENTER WORLD HONORS RETAIL INDUSTRY’S TOP DESIGNS AND ARCHITECTURAL ACHIEVEMENTS 13TH Annual Superior Achievement in Design and Imaging... With Merrill, Morgan Stanley Leading The Way, Wall Street Job Cuts Biggest in Quarter CenturyApr 16, 2002,By Rick Weinberg In an effort to cut costs, Merrill Lynch, Morgan Stanley and other Wall Street firms have slashed around 43,300 employees since the market tanked, marking the biggest employment cuts in more than a quarter-century.... UBS PaineWebber, in a Bid to Capture More Affluent Assets, To Offer Home LoansApr 16, 2002,By Rick Weinberg Following a wirehouse trend of becoming a more complete full-service firm with a range of programs, UBS PaineWebber has formed a mortgage unit for wealthy clients. The move follows a pattern started by competitors such as Merrill Lynch, Prudential Securities and Morgan Stanley.... PRIMEDIA BUSINESS TAPS INDUSTRY VETERAN ADRIENNE H. BILLS TO NEW SALES MANAGEMENT POSITIONApr 11, 2002
New Page 1 PRIMEDIA BUSINESS TAPS INDUSTRY VETERAN ADRIENNE H. BILLS TO NEW SALES MANAGEMENT POSITION FOR National Real Estate Investor and Shopping Center... Crooks Hack a Morgan Stanley Website; Defraud Unsuspecting ClientsApr 11, 2002
The clients of Morgan Stanley were duped into divulging confidential financial information through a dummy Discover Bank Web site that resulted in fraudulent credit card charges.... Primedia Business Taps Industry Veteran Adrienne H. Bills To New Sales Management Position...Apr 11, 2002,National Real Estate Investor and Shopping Center World New Page 1 PRIMEDIA BUSINESS TAPS INDUSTRY VETERAN ADRIENNE H. BILLS TO NEW SALES MANAGEMENT POSITION FOR National Real Estate Investor and Shopping Center... NATIONAL REAL ESTATE INVESTOR RANKS BANK OF AMERICA AS THE No.1 DIRECT LENDER IN 2001Apr 8, 2002
New Page 1 PRIMEDIA’S NATIONAL REAL ESTATE INVESTOR RANKS BANK OF AMERICA AS THE No.1 DIRECT LENDER IN 2001 Results of the 11th Annual Top Lender Survey... National Real Estate Investor Ranks Bank of America as the No.1 Direct LenderApr 8, 2002,National Real Estate Investor New Page 1 PRIMEDIA’S NATIONAL REAL ESTATE INVESTOR RANKS BANK OF AMERICA AS THE No.1 DIRECT LENDER IN 2001 Results of the 11th Annual Top Lender Survey... Enron Fallout Spreading to Include Merrill, Solly Smith Barney, J.P. Morgan Chase, Sources SayApr 5, 2002
According to a Houston attorney familiar with the Enron case, the suit will allege that Merrill promoted sales of Enron stock as the company was misstating its income and debt. But to win, Enron shareholders’ lawyers will have to prove that Merrill knew about the fraudulent bookkeeping and deliberately mislead them.... Former Smith Barney Brokers Say Tapes Prove Their InnocenceApr 5, 2002,By David A. Gaffen The lawyer for two former Smith Barney financial consultants intends to argue that his clients offered opportunities for diversification at a Houston arbitration hearing scheduled to start Monday. Registered Rep. listened to taped conversation which, at various points between June 1999 and June 2000, indicate that former broker Amy Elias discussed diversification with WorldCom employee Robert Goss, and that she also set up phone meetings with financial and estate planners.... DB Alex. Brown Reps Campaign Against Name Change, Firm ListensApr 4, 2002,By Rick Weinberg After a number of its 400 brokers campaigned against a name change, Deutsche Bank Alex. Brown did an about face and decided to dump the idea of dropping... Industry Fears More "Malpractice" Lawsuits in Aftermath of Merrill $3 million Arbitration HitApr 2, 2002,By Rick Weinberg Now that Merrill Lynch has been slapped with a $3 million judgment in a case that claims, in essence, "financial malpractice," other Wall Street firms fear they could be next in the firing line, according to sources.... Calendar of Industry EventsMar 30, 2002
May May 2 SIA Anti-Money Laundering Compliance Conference The Waldorf-Astoria New York, NY Contact: Press- Christine Conlon, cconlon@sia.com General... Bucking A Trend: Ed Jones Adds Brokers To Workforce, Profits Continue To RiseMar 29, 2002,By Rick Weinberg While some of Wall Street’s most powerful financial institutions like Merrill Lynch slash its retail brokerage workforce, Edward Jones is planning to add 3,000 rookie brokers to its retail sales force this year.... Bucking A Trend, Ed Jones Adds Brokers To Workforce, Profits Continue To RiseMar 29, 2002,B While some of Wall Street’s most powerful financial institutions like Merrill Lynch slash its retail brokerage workforce, Edward Jones is planning to... Morgan Stanley Survey: Most American Families Not Saving For Children's CollegeMar 29, 2002,By Rick Weinberg More than half of American families who plan to send their children to college have not started saving to pay for it and are unaware of new tax-advantaged... Two Investors Sue UBS PaineWebber for FraudMar 26, 2002,By Rick Weinberg UBS PaineWebber has been sued for fraud by two investors who accuse the firm of making "manipulative and deceptive"' recommendations to buy Enron Corp. stock even as it was selling the stock for Enron executives, according to a suit filed in federal court in Houston.... UBS PaineWebber Sued Over Enron RecommendationsMar 26, 2002,By Rick Weinberg UBS PaineWebber has been sued for fraud by two investors who accuse the firm of making ``manipulative and deceptive'' recommendations to buy and sell... |
Current Issue Humbled But (Somehow) TriumphantBy Kristen French With reporting from John Churchill and Halah Touryalai Rescued by Bank of America from its near-death experience, Merrill Lynch is still managing to set the industry standard. advertisement
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