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Prudential Financial retained 38percentt of the combined brokerage operation.
The better the technology, the better the trading and brokerage operation.
Eight years ago, he turned the brokerage operation over to family members.
"It was, frankly, a cheap shot," said James P. Gorman, who runs Merrill Lynch's brokerage operation.
James Gorman, who runs Merrill's brokerage operation, declined to explain that position.
A group of young Turks work in an illegal stock brokerage operation.
Sheehan said that Wagner's clients were not "run-of-the-mill guys investing in a retail brokerage operation".
Mr Mack has already noted Citigroup's recent swap of its asset-management arm for Legg Mason's brokerage operation.
Mr. Higgins, who has run the brokerage operation for 12 years, also was not available for comment.
Credit Suisse First Boston has sold its online brokerage operation CSFBdirect to the Bank of Montreal for $520 million.
Two years ago, it ran a separate online brokerage operation named Discover Brokerage Direct, after the firm's Discover credit card.
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