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The previous era of low-tech cheating has simply been replaced by high-tech cheating with software algorithms.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.
TDAI Awards Next Gen Scholarships to Recruit Young Advisors
These are the first scholarships TDAI has awarded since it established an annual Next Generation Scholarship Program earlier this year.
Enforcement Roundup: Barclays, Traders Fined $488M for Energy Market Manipulation
Among recent enforcement actions, the SEC fined Rajat Gupta $13.9 million for tipping off Raj Rajaratnam, and FERC fined Barclays and four of its former traders a combined $487.9 million for manipulating energy markets.
SEC, FINRA Enforcement: Radio Personality Fined Over ‘Buckets of Money’
Among other recent enforcement actions was an account freeze in an insider trading case involving a leather bag maker turned biomed developer.