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News

• UBS Hires Raft of Veteran Merrill Brokers

  January 27, 2012

  UBS Americas Wealth Management said it hired at least 14 veteran Merrill Lynch brokers who in total managed more than $2 billion in client assets at Merrill.

• Recruiters React to Raymond James - Morgan Keegan Deal

  January 27, 2012

  When Raymond James inked a $930 million deal to acquire Morgan Keegan’s brokerage earlier this month, it immediately sparked industry speculation as to whether Morgan Keegan’s financial advisor force would stay.

• FINRA: Hackers Faking Fund Transfer Instructions

  January 27, 2012

  FINRA issues an alert warning investors to guard against a two-step process where “fraudsters” gain access to their email accounts and then instruct the firms involved to transfer money out of their brokerage accounts.

• SEC: Latvian Trader Hijacked Brokerage Accounts in U.S.

  January 27, 2012

  The SEC said a trader based in Latvia broke into online brokerage accounts of customers at large U.S. broker-dealers and manipulated prices in more than 100 New York Stock Exchange and Nasdaq Stock Market securities.

• Raymond James Makes Retention Offers to Producers From $300,000 And Up

  January 26, 2012

  Raymond James has extended its retention package offers to eligible Morgan Keegan financial advisors with $300,000 and more in gross production.

• 'Offshore Shams' Abet Mutual Fund Speculation in Commodities: Senator

  January 26, 2012

  The head of the Senate Permanent Subcommittee on Investigations called for an end to private letter rulings from the Internal Revenue Service which have “essentially opened the floodgates” for mutual funds to speculate in commodities from offshore tax havens such as the Cayman Islands.

• Niederauer: NYSE-DB Deal All But Dead

  January 26, 2012

  Duncan Niederauer, CEO of NYSE Euronext, said at the Davos economic summit that he 'misjudged the process' that would be needed to get his company's merger with Deutsche Boerse approved.

• Morgan Stanley Smith Barney: We Expect U.S. Recession, Too

  January 26, 2012

  The Global Investment Committee of Morgan Stanley Smith Barney said in its January 2012 market commentary that it expects not just Europe, but the United States, to slip into recession.

• Recruiter Offers Details on RJ Retention Package For Morgan Keegan Advisors

  January 26, 2012

  Raymond James’s retention bonus offers to Morgan Keegan’s financial advisors are starting to trickle in following the deal to acquire the firm earlier this month and so far it looks like they’re being graded on a bell curve.

• Edward Jones Preps Advisor Hiring Spree

  January 25, 2012

  Edward Jones is rolling out a new national recruitment force to help the firm hire a targeted number of 747 financial advisors in the U.S. and Canada this year.

More News

Editor's Choice

• On Wall Street Announces the Nomination Period is Open for the Top Branch Managers of the Year

  It is time to nominate your manager for the Top Branch Managers of the Year Awards, sponsored by New York Life/Mainstay Investments.