Firm to pay US$3.3 million to settle charges
Equity research reports failed to disclose accurate information about the relationships with the companies covered
Routing mechanism aims to achieve best execution by routing orders for inter-listed securities to either a U.S. or Canadian market centre
Strong results from trading operations, retail brokerage
Porat named CFO
Restructured firm to focus on its institutional clients
Co-president James Gorman to become new CEO
FAIR Canada has called for increased disclosure requirements on these products in Canada
Bucking the trend among big financial firms lately, Morgan Stanley reported a loss for its second quarter.The firm recorded a loss from continuing operations of US$159 million for the second quarter ended June 30, compared with income of US$689 million in the period a year ago. The results include a number of significant items, including: […]
The new joint venture in wealth management by Morgan Stanley and Citigroup has formed a new firm to provide investment consulting advice to institutional investors and the upper-tier private wealth market.The new firm, Graystone Consulting, is an outgrowth of Citi Institutional Consulting, which was formed in 2006.Graystone is currently comprised of 30 institutional-focused teams in […]