Fidelity
Fidelity Sues Atlanta Broker Who Joined Merrill Lynch
Accuses advisor who was managing $356 million of breaching his employment contract by soliciting clients and offering at least one of them lower fees.
Edward Jones Applies for Bank Charter, Hires Former UBS Banker
The bank, which is expected to begin operations in late 2021, will expand Jones’ securities-based lending menu and give it deposit capabilities.
Fidelity Posts ‘Help Wanted’ for Advisors, Customer Reps
Fund and brokerage behemoth accelerates hiring of about 2,000, including licensed advisors, to contend with questions spawned by volatile markets and government extension of tax and IRA contribution filings.
Fidelity Enjoins Morgan Stanley, Florida Broker in Non-Solicit Case
Morgan Stanley and a broker it hired in June have agreed not to contact former clients pending the outcome of a parallel claim Fidelity has brought in arbitration.
T. Rowe, Fidelity Score Green Light for ETFs That Hide Holdings
The U.S. Securities and Exchange Commission said it plans to approve active non-transparent ETFs from T. Rowe Price, Natixis, Fidelity and Blue Tractor, according to filings on Thursday.
Fidelity, Schwab, Vanguard Outrank Wirehouses in Prospect Recognition–Cerulli
New survey of brand familiarity finds discount brokerage giants trouncing wirehouses in “unprompted” name recognition across a wide wealth spectrum of investors.
BlackRock’s Fink: Zero Commissions at Brokers Should Boost iShares Growth
Despite no-cost trading for RIAs and self-directed investors, BlackRock will not pull off of Fidelity’s no-commission ETF platform to save costs, said CEO Larry Fink.
Judge Halts Fidelity Suit Against Fleeing Broker Who Claimed Retaliation
California advisor who joined an RIA claimed Fidelity filed a client-contact lawsuit against her and her new firm in retaliation for her complaint about a manager and the work environment.
Fidelity Joins Price War With Zero Commissions on Online Trades
Fidelity Investments is crashing the free-trading party, challenging rivals in a gambit to lure assets by ending commissions.
JPMorgan Wins One Injunction as Fidelity Seeks Another in Florida
Broker in Aventura, Florida, who left JPMorgan for UBS agreed to a preliminary injunction on the same day that Fidelity sought an injunction against Morgan Stanley and a broker it hired in Palm Beach Gardens.
Michigan Firm Slammed Over Undisclosed 12b-1 Conflicts
SEC orders RIA affiliate of Parkland Securities and Sigma Financial to pay $2.5 million, the same day it fined Morgan Stanley $225,000 for unsuitable municipal bond sale recommendations.
