Chuck Volz is the owner of Finnegan's Wake, a Philadelphia pub. That's how he got to know a young Temple University professor named Todd Napolitano who lived down the block.In 1997, Napolitano asked Volz for help in...
When brokers change firms, they can get sued. The losing dealers sometimes go to court seeking a temporary restraining order (TRO). This "injunctive relief" prohibits a rep from contacting customers and prevents...
Merrill Lynch's Internet-based joint venture with HSBC Holdings plc of London, announced in April, won't involve brokers.Given the working name of Merrill Lynch HSBC, the 50-50 joint venture is targeting investors...
Brokers face some interesting challenges from the Internet. More of their clients go online and confront them with information from a wide-ranging and eclectic assortment of Web sites."The questions come from all...
Merrill Lynch continues its push into e-commerce. After starting out with consumer products like meat from Omaha Steaks and books from Barnes & Noble, Merrill has expanded into business products and auctions.Merrill...
In January, Merrill Lynch began making offers to former female employees who are part of a class-action sex discrimination case the firm settled in September 1998.Merrill spokesperson Bill Halldin confirms that...
In April, Prudential Securities will launch a second version of its Advisor account that will charge a higher fee but have no transaction charges.Dubbed "Pru Advisor II" to distinguish it from the first version, the...
This summer, Minneapolis-based Dain Rauscher plans to launch a new system that, once fully developed, will enable reps to see what research a client has been accessing on Dain's Web site.The new database system...
Merrill Lynch plans to offer the online services now available to retail clients, such as research and trading, to institutions worldwide. No timetable has been set.Merrill's service expansion is part of a five-year...
The NASDR has proposed a new rule covering temporary restraining order (TRO) cases, and it's not a pretty picture for brokers. The proposal gives firms freedom to pursue brokers in court, unlike an earlier plan that...