FINRA’s ‘Total Warfare’ Against Brokers in Arbitration
Breakaway brokers and pros across the financial industry cite biased panelists, missing hearing records and a 93% win rate for brokerages.
SEC Fines NYSE, 2 Affiliates $4.5 Million for Breaking Their Own Rules
“We will hold exchanges accountable if they fail to have rules governing their operations or fail to follow them,” said SEC's Andrew Ceresney.
New Hire Roundup: Sosa Leaves PIMCO to Lead New DoubleLine Group
Danielle Fischer went to the Private Client Reserve of U.S. Bank, and Mariner Wealth Advisors acquired a majority interest in Housen Financial Group.
SEC Weighs Requiring Brokers to Tell Where Trades Are Sent
The proposal is intended to address complaints that trade routing decisions sometimes are not in clients’ best interests.
DeLegge: Why Do Exchanges Still Ignore Cheaters?
The previous era of low-tech cheating has simply been replaced by high-tech cheating with software algorithms.
UBS, Raymond James Grab $2M Teams From Rivals
Meanwhile, Sapient recruits a rep from RBC in Oregon, a new RIA opens its doors in Minnesota, and an ex-Ameriprise group joins LPL.
3 Reasons a Correction Is Coming: Merrill Strategist
MacNeil Curry, head of global technical strategy, says the stars are lining up for a drop of 10%-20% in 2014.
Former Merrill Head John Thain Defends Wall Street Compensation
No pointers on office redecoration, but the former Merrill CEO had plenty to say about the 2008 crisis, Wall Street compensation, the Fed and more.
New Hire Roundup: Clearbrook Names Leslie Billet Managing Director
Deb Clarke has become Mercer's global head of investment research, and Bruce Graham recently joined CAPTRUST Financial Advisors as a vice president and advisor.
Wall Street Mourns Death of Muriel Siebert
In 1967, Siebert became the first woman to buy a seat on the New York Stock Exchange.