Updated from 12:20 p.m. ET with reactions from the industry.NEW YORK ( TheStreet) -- Federal regulators on Wednesday proposed a
The move comes after both Bank of America/Merrill Lynch and Morgan Stanley announced efforts to move away from the practice.
The stock is breaking out of a triangle pattern that projects an 11% move higher.
They are the stocks that are key to this market.
Morgan Stanley currently has 15,000 brokers.