Cash deal could add 3,500 advisors and $120 billion of client assets.
Amid continuing legal battles with its former U.S. brokers, the Swiss bank is transferring a “substantial” amount of money left in customer accounts to a small New York City brokerage.
Arbitrators uphold Hilltop Securities’ claim of criminal computer crime in imposing damages against San Diego brokers who jumped to Stifel.
Firm alleges that DocuLynx refused to return client data to get new contract, raising risk of “substantial economic fines from regulators.”
Most popular stories and comments from August 7 through 12.
Reorganization is aimed to “position our field leaders closer to our advisors,” according to an internal memo.
Arbitrators deny attempt to collect mega-damages from fixed-income star Greg Fisher and to pay his hefty legal fees.
Files to delay effective date of best-interest contract and other controversial and potentially costly requirements to July 2019 from January 2018.
Elderly client who alleges that James Polese plundered his account said agents are asking questions.