Court overturns $5 million ruling against Morgan Stanley
(Reuters) - A California court overturned a nearly $5 million securities arbitration ruling against Morgan Stanley Smith Barney in a case filed by two brokers who said the company broke...
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Citigroup must pay investor $1.4 million for fund loss: panel
(Reuters) - A Citigroup Inc unit must pay more than $1.4 million to an investor for losses tied to a municipal bond that was marketed as "safe," but was steeped...
Citigroup must pay investor $1.4 million for fund loss: panel
(Reuters) - A Citigroup Inc unit must pay more than $1.4 million to an investor for losses tied to a municipal bond that was marketed as "safe," but was steeped...
Brokerages stumble on following in-house supervision rules-study
CORONADO, California (Reuters) - Wall Street's brokerages are falling short when it comes to policing their brokers, according to a nationwide series of examinations by state regulators. The biggest issue:...
Brokerages stumble on following in-house supervision rules-study
CORONADO, California (Reuters) - Wall Street's brokerages are falling short when it comes to policing their brokers, according to a nationwide series of examinations by state regulators. The biggest issue:...
Merrill to pay $40 million in deferred compensation suit
(Reuters) - Merrill Lynch has agreed to a proposed $40 million class action settlement with 1,400 brokers over deferred compensation it refused to pay them after its merger with Bank...
Merrill to pay $40 million in deferred compensation suit
(Reuters) - Merrill Lynch has agreed to a proposed $40 million class action settlement with 1,400 brokers over deferred compensation it refused to pay them after its merger with Bank...
Rare opinion offers clues to Morgan Keegan’s winning defense
NEW YORK (Reuters) - An arbitration panel has denied a Mississippi-based entrepreneur's claim against Morgan Keegan & Co over $2 million of bond fund losses in a case that offers...
Rare opinion offers clues to Morgan Keegan’s winning defense
NEW YORK (Reuters) - An arbitration panel has denied a Mississippi-based entrepreneur's claim against Morgan Keegan & Co over $2 million of bond fund losses in a case that offers...
Securities regulator FINRA lost $84 million in 2011
(Reuters) - The Financial Industry Regulatory Authority, the U.S. securities industry's self-funded regulator, lost $84 million last year on higher, one-time project expenses. Weaker collection of fees due to low...