Morgan Stanley Squeezes Brokers on Compensation. Useful incentive or Recipe for Disaster?

  • Posted by Admin
  • On December 14, 2016
By Phil Ciano, Partner Last week, Morgan Stanley announced broad pay cuts for its brokers, unless, according to the Wall Street Journal, the brokers “boost the fees and commissions they collect from retail investors.” According to the Journal, starting in January, 2017, Morgan Stanley is raising the bar for broker compensation “to incentivize [the brokers] […]
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Trump and the fiduciary rule: Now what?

  • Posted by Admin
  • On November 15, 2016
By Andy Goldwasser Partner This is a question that resonates equally with the financial sector as it does with those dedicated to representing victims of financial fraud and stockbroker misconduct. Most believe Mr. Trump will repeal the rule. But even so, the fiduciary rule has helped define the standard of care for a financial advisor […]
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S&P 500 index marks its longest losing streak in 36 years

  • Posted by Admin
  • On November 7, 2016
By Ken Sweet Associated Press This article was posted in the Cleveland Plain Dealer 11-5-16   NEW YORK (AP) — The slow, steady retreat of the stock market ahead of the 2016 election continued Friday, with the market falling for a ninth straight day. Wall Street is now in its longest period of decline in […]
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“Who’s Afraid of Trump? The Markets…”

  • Posted by Admin
  • On October 4, 2016
Debate Night Message: The Markets Are Afraid of Donald Trump Economic View | By Justin Wolfers The New York Times These conclusions arise from close analysis of financial markets during Monday’s presidential debate, which provides a fascinating case study of the complex interconnections between American politics and economics. During the debate, the overnight futures markets […]
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