When brokerage firms ask judges to enjoin departing brokers, emotions run high. Like a bitter divorce, the issue involves custody as well as egos. Firms cite theft of trade secrets, confidentiality breaches, violations of non-compete and non...
Tampa, Fla.-based plaintiffs' attorney Jonathan Alpert has filed a total of five "collective actions" in federal district courts against Prudential, Smith Barney, PaineWebber, Raymond James and Sutro, asserting that the firms make a regular...
The NASDR has asked the SEC to approve interim U-4 forms that contain new reporting requirements. As of November, the rule proposal was expected to go into effect this month. Here is a summary of some of the proposed changes.* The new Question 22G...
Salomon Bros. $10 billion merger with Smith Barney is poised to give the new entity a big presence in trading and research, but for retail sales, the merger may mean little more than perhaps better bond prices."I'm told that our fixed-income...
While most firms put at least as much thought into the unveiling of new customer-service technologies as they do their creation, A.G. Edwards has taken a step in the other direction. They have launched their new customer-only Web site with the...