Emails, Probe of Mogan retail bkg

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May 11, 2006 11:45 am

Anyone know what this is about?


from yesterday's Wall Street Journal:


The firm continues to negotiate with regulators about failure to produce emails in probes of its retail brokerage unit.


Anyone have any idea which probes?


And what happened to the emails?


Or want to put me in touch with a morgan compliance guy/gal?


Sincerely,


A Curious Editor of Registered Rep.


 

May 11, 2006 12:06 pm
broker-editor:

Anyone know what this is about?


from yesterday's Wall Street Journal:


The firm continues to negotiate with regulators about failure to produce emails in probes of its retail brokerage unit.


Anyone have any idea which probes?


And what happened to the emails?


Or want to put me in touch with a morgan compliance guy/gal?


Sincerely,


A Curious Editor of Registered Rep.


 



The probes are related to the Global Research Settlement, and the emails between analysts and bankers. The same sort of emails that nailed Grubman, et al.. Emails, the ability to provide them, where/if they were stored, etc.. were also an issue with the Pearlman case. The talk internally is with MS’s old HQs in the WTC it isn't rocket science to figure out that the email system was scrambled and that small server farms throughout the system have bits and pieces of backed-up emails on them that aren’t easy to find, and appear piece-meal only after time consuming, extensive searches.<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


I find that hard to fully believe since I doubt that all the judges and investigators involved in the different cases could be universally uninformed or mindless as would be required to not accept that answer if that really was all there was to it.


May 11, 2006 1:07 pm

Broker Editor why don't you do a story on Edward Jones.  Don't you find all the anger from former reps rather curious in light of them being such a great company to work for?  Why after leaving years ago do so many reps retain so much anomosity toward them?  Isn't this all rather odd?  It isnt this way for reps leaving other firms.  So, why EDJ?  Don't you find this curious?  Doesnt this stand out to you?  Isn't there a story there?  Isn't this something reps would be interested in reading about? 


May 11, 2006 5:45 pm

Malcolm,


Actually Registered Rep.'s John Churchill wrote a story about Edward Jones that addresses some of that for our April issue --


http://registeredrep.com/mag/financekeeping_joneses/index.h tml


Kristen French


May 11, 2006 5:48 pm
Malcolm:

Broker Editor why don't you do a story on Edward Jones.  Don't you find all the anger from former reps rather curious in light of them being such a great company to work for?  Why after leaving years ago do so many reps retain so much anomosity toward them?  Isn't this all rather odd?  It isnt this way for reps leaving other firms.  So, why EDJ?  Don't you find this curious?  Doesnt this stand out to you?  Isn't there a story there?  Isn't this something reps would be interested in reading about? 



That is funny.  Been on vacation Malcolm?