![]() lender, owns the rest and is in the process of selling an additional 14 percent stake to Morgan Stanley. Morgan Stanley owns 51 percent of the Smith Barney brokerage, which has more than 17,000 advisers and $1.74 trillion in client assets. He "does a great job for us and his clients." "We were delighted to have an opportunity to employ a smart and talented employee like Jared Weinryt," Chief Executive Officer Michael Kiley said yesterday in a phone interview. He now works in the institutional fixed-income sales division of Palm Beach Gardens, Florida-based Kiley Partners Inc., which trades securities including municipal bonds, U.S. He consented to the sanctions without admitting or denying the findings, according to Finra. The industry regulator suspended Weinryt from trading for two months and fined him $7,500 earlier this year, records show. Total losses were $14.9 million, Finra said. The brokerage cut off Weinryt's access to the trading system in late morning on July 15 and liquidated the contracts by the next day. The market turned against Weinryt the next morning and he tried to reduce the bets, incurring losses, according to Finra. His bets swelled to about $1.33 billion as he continued trading overnight, the document shows. Weinryt's futures bets totaled about $744 million at the end of the trading day on July 14, 2009, exceeding his $116 million limit, according to a document posted on Finra's website. sovereign debt and Eurodollars, according to Finra. Located in the Windermere building off of Olympic Drive, Morgan. ![]() Diversify your portfolio with stocks, bonds, mutual funds, annuities and lending services. Professional advisors help you prepare your financial future through a variety of services. Investors sometimes buy futures as a bet on price fluctuations and sell them before the delivery date. Morgan Stanley and Smith Barney have joined forces to provide premier global wealth management. He bought and sold futures, agreements to trade assets at set prices and dates. The brokerage employed Weinryt from 2006 to 2009, Finra records show.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |