Morgan Stanley fires half its broker trainees
Morgan Stanley fires half its broker traineesMorgan Stanley will fire 500 trainees -- half of the people in its training program -- because they are "not tracking toward long-term success," according to an internal memo. Morgan Stanley also will downsize its upcoming training class, but will not fire existing brokers, according to the document. CNNmoney.com/Reuters (5/10), Registered Rep.
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posted by Victor Lloyd Smith @ 11:05 AM
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