Man the Buckets! Long Term Capital Is (Sort Of) Back!FINANCE
• Some of Long Term Capital’s former executives are making another go of it with a new fund, Quantitative Alternatives. [Bloomberg via DealBook/NYT]
• Morgan Stanley will pay $8 million to settle federal fraud charges over its alleged failure to get the best prices possible for retail stock investors. [AP via NYT]
• The SEC will announce Monday whether it will appeal a court ruling that overturns the “Merrill Lynch” rule, allowing brokers to offer fee-based services to clients without being registered as financial advisers. [NYP]