The latest regulatory, disciplinary and criminal actions.
Indiana advisor who went independent in August after 21 years with Jones has moved $2 million of the $113 million in client assets he was managing, firm says in lawsuit.
Brokers now with J.P. Morgan in Atlanta are at least the fifth former brokers who won awards for deferred compensation the Swiss bank withheld after shuttering its U.S. brokerage operations.
Denver-based unit of independent brokerage giant Cetera Financial Group allegedly generated almost $11 million of undisclosed 12b-1 fees and revenue-sharing payments from mutual funds and a clearing firm over four years, regulator says.
Class-action filing seeks damages for Merrill brokerage and Merrill Edge customers whose cash was moved into low-interest bank accounts.
Wells Fargo’s broker-dealer agreed to pay $450,000 for failing to register almost 1,650 employees in the state.
Thirty-four-year industry veteran knew that money mistakenly deposited into his brokerage account was “too good to be true,” a Finra hearing panel ruled.
Filings in court and with Finra are the discount brokerage pioneer’s third attempt in less than two weeks to prevent departing brokers from soliciting former clients.
Barred advisor who styled himself as a philanthropist stole from three customers who have collected $5.6 million from Merrill in reimbursement and damages.
Patrick Dwyer, the $10-million-plus producer who “resigned” on Tuesday, was careful to obey all laws before making a $25,000 contribution to a Florida official, according to his lawyer.
Attorneys for Bennett filed a notice on Friday that they are seeking a review of the decision handed down late last month.
Schwab’s claim for an injunction comes as lawyers say non-solicitation disputes have mushroomed in the past year industry-wide.