Joseph Price
Krawcheck and Price out at Bank of AmericaPosted by RJ and Makay on Sep 06, 2011 |
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Bank of America shook up its top management on Tuesday as the firm continues to struggle with a low stock price and growing legal issues. The bank announced the departure of wealth management division head Sallie Krawcheck and consumer banking leader Joseph Price.
FINRA to issue new social media guidance to SECPosted by RJ and Makay on Jun 30, 2011 |
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The Financial Industry Regulatory Authority (FINRA) plans to release to the Securities and Exchange Commission (SEC) new guidance on social media usage by broker-dealers and their advisors. The additional guidance, which is to come within a week or two, won’t “change any of the fundamental principals” in FINRA’s Regulatory Notice 10-06 released in January of 2010, said Joseph Price, senior vice president for advertising regulation/corporate financing at FINRA.
Unlike rivals, MSSB brokers can now send text messagesPosted by RJ and Makay on Mar 09, 2011 |
A new Morgan Stanley Smith Barney (MSSB) policy allowing its brokers to use BlackBerries for texting could give the brokerage a leg up on main competitors. The policy, announced in late January, was the result of popular demand by field reps. It makes MSSB the only big brokerage to allow text messaging, giving its reps a line of communication not open to rival brokers.
The new policy applies to the roughly 2,000 MSSB advisors and managers who have company-provided BlackBerries. Using the same process it has in place to review staff emails, MSSB says it will keep records of texts to comply with industry requirements to retain all electronic messages for three years.
Henry David Thoreau (American Essayist, Poet and Philosopher, 1817-1862)
