He ran the programs out of the Atlanta Corporate Client Group with his own group of brokers and in 1999 was cited by Salomon for operating its biggest revenue-producing stock options plan.

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Accountants' assertions that recent consolidation has been client-driven were put into question when Britain's One Hundred Group of top-company finance directors expressed concern about it.

ECONOMIST: Accountants and lawyers

Matt Zimmerman, a lawyer with the Electronic Frontier Foundation, a civil-liberties group that is representing the telecom company, said his client intends to comply with the outcome of the judicial process.

WSJ: FBI Secretive 'National Security Letter' Demand for Phone Records Faces Rare Challenge

Prior to founding Loop Capital with Albert Gace, Jr. in 1997, Reynolds managed the municipal sales team responsible for the distribution of all tax-exempt products to institutions in the Midwest for the Corporate and Institutional Client Group at Merrill Lynch.

FORBES: Next Week's Guest: Jim Reynolds, CEO of Loop Capital

Its first client, the French biotech firm Cytomics, hired the group for a recipe to synthesize a cancer-fighting compound.

FORBES: Careers

With generous help from our partner Noetic Group, we got started and then boot-strapped the whole operation, building from one client to another, creating a snow-ball effect.

FORBES: Move up http://i.forbesimg.com t Move down