The latest regulatory, disciplinary and criminal actions.
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.
Private client group advisor now with Morgan Stanley says he “vehemently denies” allegations of unsuitable trading and other charges that cost his former firm $14 million.
Virginia’s Eric Bartok, a Forbes best-in-stater said to have been producing more than $3 million, was dismissed for expense-account violations, Merrill said.