On July 9, the U.S. Court of Appeals for the Second Circuit in New York vacated an NASDR arbitration panels finding that Piper Jaffray had not terminated ex-managing director Theodore Halligan because of his age.Quite simply, the court said...

Eight years after turning its back on the Canadian retail market, Merrill Lynch has charged back in, checkbook in hand, and closed a deal that could allow it to quickly emerge as a retail powerhouse in Canada.The $855 million (U.S.) stock...

In response to some privacy concerns raised by brokers and the industry, the NASD is asking for comment on whether brokers non-investment-related felony convictions should be disclosed via the Internet.The issue is heating up as the NASDR gets set...

Since 1990, First Union Brokerage Services of Charlotte, N.C., has sold securities in at least nine states without proper registration, according to the companys CRD record. Each time state regulators learned of the violations, the firm was...

The U.S. Court of Appeals for the First Circuit in Boston is pushing for a settlement in Susan Rosenbergs discrimination case against Merrill Lynch. That case produced a landmark ruling by Federal District Judge Nancy Gertner, stating that...

Last year, not surprisingly, was the best year ever for brokers.Median production for retail brokers was a record $303,366 in 1997, and median W-2 earnings hit an all-time high of $119,010, according to data from the Securities Industry...