Private Wealth Management


Former Lehman adviser can keep bonus

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A former private wealth adviser for a unit of Lehman Brothers can keep a lucrative signing bonus he received from the firm three years before it collapsed, a securities arbitration panel has ruled.

Brokers Must Disclose Bonuses

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Stock brokers who are lured to new firms with signing bonuses of at least $100,000 will be required to inform clients under a rule approved by the Financial Industry Regulatory Authority.