Most Read
UBS Prevails Against Wealthy Investors in ‘YES’ Options Decision
Arbitrators deny fraud claim involving an options “overlay” strategy devised by New York team that allegedly cost investors millions of dollars in losses.
LPL Hires RBC Arizona Team to New Channel
Trio managing $380 million is the fifth to join new Strategic Wealth Services unit launched for employee-channel producers seeking more support than typical LPL independent contractors.
Commonwealth Ordered to Pay $125,000 to NASCAR Champ Kyle Busch
Arbitrators say racing champ who objected to paying fees on his large cash position was due an award for unsuitability and negligent supervision by independent brokerage firm.
Morgan Stanley Fires Brokers over Inherited Account Credits
Complaints from retired broker about underpayments from colleagues who “bought” practice triggered a review of “Former Advisor Program” that led to ten terminations this week.
Phil Scott, $18-Million Merrill Superstar, Joins First Republic
High-profile Washington State broker Phil Scott moved his 11-person team on Tuesday to First Republic.
$3 Mln-Merrill Lifer in Vegas Exits After 37 Years, Launches RIA
Yearning to “drive the ship” himself after almost four decades at Merrill, broker managing $360 million for 56 families strikes out on his own.
Morgan Stanley Lures Merrill Brokers with $5.2 Million Production
It also promoted an associate complex manager in Bethesda, Maryland, to manage a large Potomac branch, which has about 20 advisors overseeing over $5 billion in client assets.
Raymond James Gears Up Expense Controls as Profit Falls 34%
Citing the global pandemic and its economic consequences, Florida-based firm outlines plans to cut costs broadly to generate “significant efficiencies.”
Morgan Stanley Hit with Class Lawsuit Over Alleged Data Breaches
Lawsuit alleges negligence and invasion of privacy over Morgan Stanley’s admissions that decommissioned data-center hardware and some old branch servers were not scrubbed of customer data.
Edward Jones Says Broker Played Bait-and-Switch About His Firm
Lawsuit seeking to bar Ameriprise broker from contacting his former Edward Jones clients says he deceived some about who he was working for.
EXCLUSIVE: Morgan Stanley Tells Customers of Potential Data Compromise
There have been no hacks, but wirehouse offers free credit reports for two years because hardware from decommissioned data centers was not completely scrubbed before disposal.
