JP Morgan
Morgan Stanley: Dominant IPO and M&A playerPosted by RJ and Makay on Jun 03, 2011 |
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Morgan Stanley has won out over Goldman Sachs as lead underwriter for the Groupon IPO, continuing a banner year for the firm and coming on the heals of the LinkedIn IPO it led two weeks ago.
MSSB hires new COOPosted by RJ and Makay on Apr 19, 2011 |
Morgan Stanley Smith Barney (MSSB) has hired Jeff Hack from J.P. Morgan Chase as its chief operating officer in one of several organizational changes announced by company president Gregory Fleming.
According to an internal memo, Hack will oversee MSSB's ongoing technology/operations integration activities. Morgan Stanley is in the midst of integrating its brokerage with that of Smith Barney, which has about 17,800 financial advisors, the most on Wall Street.
Could new 'fiduciary' definition make retirement plans more complex, costly?Posted by RJ and Makay on Mar 07, 2011 |
If the Labor Department's proposed definition of "fiduciary" is adopted, the outcome could be higher costs for employer-sponsored retirement plans, cautions the Competitive Enterprise Institute (CEI), a free-market think tank.
Under the proposed definition, the fiduciary standard would be expanded to include firms that advise retirement plan sponsors about which investments to offer. The intent would be to prevent conflicts of interest, such as making investment recommendations simply because they result in more money for advisors.
The Talmud
