Stock Brokers

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Robert Bagby, chief executive of A.G. Edwards Inc., will get a $7.5 million stock award upon the completion of Wachovia Corp.'s acquisition of the St. Louis brokerage firm, according to a securities filing late Thursday.The stock award vests three years after the grant if he is still employed with the firm or if he leaves for "good reason" or is fired without cause. Bagby is set to become ...

MSN MoneyCentral - ... AP) - Retail investors paid lower prices under a six-month experiment introducing penny-quotes to trading in some stock ... quoting narrowed the average quoted spread -- the difference between offers to buy and sell -- and reduced payments to brokers ...