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After setting up phony accounts, ex-Wells Fargo broker stole money
Finra bars Thomas A. Davis, who worked in Hilton Head Island, S.C., for Wells Fargo Bank.
Baird adds $610 million by recruiting teams from Wells Fargo, Morgan Stanley
Addition of three veteran advisers brings Baird's 2018 recruiting count to 40.
Morgan Stanley rolls out tech-friendly offices for brokers, bankers
Wealth management unit to use machine learning to help with trade recommendations for clients.
Tim Sloan hasn’t turned around Wells Fargo
Loans and deposits at Wells are down. Earnings, too, are expected to fall.
Finra bars ex-Morgan Stanley broker Kevin Smith
Fired in 2016, Kevin Smith was barred Monday for not providing testimony in investigation.
Discrimination claim filed by ex-Morgan Stanley rep sent to arbitration
Judge rules that John Lockette was bound by a company policy requiring employees to arbitrate all claims.
Benjamin F. Edwards & Co. has been picking off Wells Fargo brokers for years
Many of them previously worked at A.G. Edwards, the firm founded by the great-great-grandfather of Benjamin F. Edwards & Co.'s CEO.
Sanctuary Wealth Partners rolls out red carpet for breakaway brokers
Five deals in five months lift the fledgling hybrid RIA to $5.5 billion.
Merrill Lynch no longer will accept penny stock trades
Action comes as SEC continues crackdown on low-priced securities.
Will Merrill Lynch leave the broker recruiting protocol?
The wirehouse has obviously noted its own lack of recruiting success this year, as well as the slowed attrition rates at its competitors that have exited the protocol.
Wells Fargo chair denies rumors bank is seeking to replace CEO
News report claimed the board had talked to former Goldman exec Gary Cohn about the job.
Wells Fargo plans to cut staff up to 10% within next three years
Bank is struggling to cut spending amid regulatory fines and higher legal costs stemming from scandals.
Indexed annuity sales grow among wirehouses, independent broker-dealers
A product design that's more palatable to brokers and a bigger roster of familiar carriers have raised the product profile for brokers.
No changes to compensation plan for UBS advisers in 2019
Wirehouse continues to back away from linking non-solicitation agreements to adviser bonuses.
Former Morgan Stanley broker to plead guilty to insider trading
Michael Siva was one of seven people charged with securities fraud last year.
Wells Fargo said to face Justice Department probe of wholesale banking unit
Latest problem for bank relates to whether employees improperly altered customer data.
Merrill Lynch reverses policy on banning IRA commissions following death of DOL fiduciary rule
Wirehouse cites client demand and a new regulatory environment in deciding to abandon its pioneering stance on commission IRAs.
Wells Fargo to combine bank and wirehouse reps under one roof
Internal memo shows first stages of a $4 billion cost-cutting plan, but critics argue that blending the two divisions will be difficult.
Merrill team managing $325 million moves to Janney
Michael Kernicky and his two sons join the firm in Media, Pa.
Merrill pays $8.9 million SEC penalty over undisclosed conflict of interest
Brokerage failed to tell investors about its own business interest in U.S. subsidiary of foreign bank
