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WALL STREET MOM SHOT (?) – because (?) – Nancy Lanza Was Morgan Stanley Investment Broker! Financial Connection Unraveling Faster Than A Bullet

Not a substitute teacher, or even a retired teacher.

Not a divorced suburbanite living on alimony.

Not even a CIA developer of mind control video games (per the disinfo tag team, Sorcha Faal and Gordon Duff).

Haven’t we had enough of the lies?

Nancy Lanza was an investment broker working for Morgan Stanley Smith Barney, since joining the firm in June, 2010.

She was registered through them in California, Connecticut, Florida, and New Jersey.

Before that, [...]

A Bunch Of Big Advisers At Morgan Stanley Might Leave The Firm For ‘Technological Problems’

This just looks bad on Morgan Stanley.

Reuters reports that around 40-48 advisers at the bank (who run tens of billions of dollars) are thinking of leaving the firm because of “widespread technology problems that have made it difficult to do their jobs.”

They’re so serious about this that they hired a lawyer to help them work out a deal so they can keep their pensions. They even allegedly wrote a letter to CEO James Gorman.

Not [...]

TRADING 10X YOUR LIMIT= PATHETIC 450K FINE=FINRA ISS MS’ BITCH Morgan Stanley Fined Over Trader’s $1.3 Billion Bet

Morgan Stanley (MS) Smith Barney, the brokerage venture of Morgan Stanley and Citigroup Inc. (C), was fined $450,000 after a trader amassed a $1.3 billion bet in 2009, Financial Industry Regulatory Authority records show.

The brokerage didn’t have enough controls in place to detect that Jared Weinryt, 31, had breached his $116 million trading limit as he made overnight bets on futures, Finra said this month. The trades led to losses for Morgan [...]

Banks are on HIGH ALERT, they have their employees ready for when TSHF

The banks are on high alert.

Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. They are preparing for the worst case. The fear is that the vote will heighten the chances of Greece exiting the euro and the global financial system will be shaken when the markets open on Monday.

After being largely unprepared for the extreme stress of [...]

13 Bears Offer Dark Forecasts For The Markets And The Economy

It has been a rough month for markets. Waves of bad news from Europe and weak data from of China have helped keep stocks low.

What can we look forward to?

More of the same, and worse according to these 13 experts.

Fleckenstein: We need a crisis before our leaders get their acts together

MrBernardLMadoff via YouTube

Bill Fleckenstein on MSNBC:

Unfortunately, we have elected officials who are completely incompetent, if not criminal, and the Fed is even worse. [...]

MORGAN STANLEY STILL HAS ISSUES

NEW YORK (Reuters) – Morgan Stanley continues to work through trade orders placed on Friday by brokerage customers in Facebook Inc during the social networking company’s IPO, two people familiar with the situation said on Thursday.

Morgan Stanley Smith Barney, an affiliate unit of Facebook lead underwriter Morgan Stanley, did not receive from the Nasdaq stock market information about stock trades in a “systematic, orderly way,” said one person, who was not authorized [...]

Morgan Stanley: If Clients Overpaid For Facebook Shares, They Will Get An Adjustment

NEW YORK (Dow Jones)–Morgan Stanley (MS) is reviewing orders placed by its retail brokerage clients for shares of Facebook Inc. (FB) on a trade-by-trade basis and will make price adjustments if those clients paid too much for the stock, according to people familiar with the situation.

In a memo sent Wednesday to the nearly 17,200 financial advisers of its Morgan Stanley Smith Barney retail brokerage joint venture, the firm says “in [...]

James Gorman Is Begging Moody’s Not To Downgrade Morgan Stanley

How do you get a rating agency to have some mercy on your bank? Hopefully for Morgan Stanley, James Gorman has the answer to that question.

The FT reports that the Wall Street CEO has been in talks with Moody’s since earlier this year, trying to convince them not to downgrade his bank’s credit rating.

Here’s why the downgrade is such a big deal: As you know, Morgan Stanley shares ownership of Smith Barney with Citi. Morgan has a 51% [...]

This is how thousands of investors will get fleeced by the Facebook IPO

From The Reformed Broker:

I’m not proud of everything I learned to do in my retail brokerage days. I was almost too good at the job, which scared me and shook me to my core (which I like to think is a moral core). Because the job is based on salesmanship over stewardship, subterfuge over transparency.

I exorcised all of my demons in the forthcoming book Backstage Wall Street, but today I have [...]

Dow Falls Most Since October 2008

Bloomberg

U.S. stocks fell this week, sending the Dow Jones Industrial Average to the biggest loss since 2008, as the Federal Reserve said risks to the economy have increased and concern grew that policy makers will fail to spur growth.

Equities rebounded today, following a four-day rout that erased $1.1 trillion in value, amid speculation governments will act to prevent a financial crisis. For the week, Alcoa Inc. (AA) and DuPont Co. [...]

Morgan Stanley “Running Layoff Scenarios Into Several Thousand”

Layoffs across Wall Street started in June and have continued through the summer.

Morgan Stanley already begun reducing headcount in its brokerage.

But it looks like things are about to get much worse.

“The firm is “running layoff scenarios into several thousand folks,” said one person with direct knowledge of the matter” to Charlie Gasparino at Fox Business News.

In June, Morgan Stanley’s CFO, Ruth Porat, hinted there would be significant cuts coming to [...]

Data Breach: Morgan Stanley Took ‘Bare Minimum’ Precautions to Protect Customer Information, Says Maag

Your bank knows everything about you: where you live, your income, your social security number, your tax identification numbers, etc. and the recent Morgan Stanley data breach reminds us of the risk we all face. On today’s episode of “The Daily Ticker” on Yahoo! Finance, host Aaron Task interviews Chris Maag, the reporter at Credit.com who broke the Morgan Stanley data breach story earlier this week. [...]

Have you read Mish’s article: Is Inflation High and Rising or Low and Falling?

Courtesy of Mish

I received an interesting email out of the blue yesterday from Archie Kangethe, a Vice President at Morgan Stanley Smith Barney.

Good Morning Mish,

If you have time please check out the chart below from Dr. Kelly at JPMorgan. The data from the US government would lead me to believe we are in the lower left quadrant, but my daily life leads me to believe we are in [...]

Citi is a completely different bank than in 2007: It has restructured into Citicorp & Citi Holdings.

Citi Holdings carries the non-core and distressed assets. Panditâ€™s stated plan is to unload Citi Holdings. –> Citicorp is almost 70% non-U.S. business.

Pandit already sold the:
- -Casualty business,
- -Life insurance business,
- -Money management,
- -Smith Barney operations,
- -Operations in Japan, (third largest brokerage & largest Consumer finance in Japan),
- -Credit card operations in Brazil,
- -Various joint ventures in India & Saudi Arabia.
And most notably the biggest chunk of their mortgage operations.

Citicorp [...]

I love the sight of a ponzi scheme n collapse (read Stock Market)….

“As previously reported by FOX Business, Morgan Stanley has already cut 200 jobs, mostly support staff, as part of the merging of the two divisions. But people close to the firm say officials at Morgan are far from finished as they attempt to squeeze $1.1 billion in savings from the deal by the end of 2011, and that means slashing jobs, and shuttering hundreds of branches. A Morgan Stanley spokesman [...]

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