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.
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.
New survey of brand familiarity finds discount brokerage giants trouncing wirehouses in “unprompted” name recognition across a wide wealth spectrum of investors.
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.
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 Investments is crashing the free-trading party, challenging rivals in a gambit to lure assets by ending commissions.
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.
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.
Fidelity Investments said the number of retirement savers with at least $1 million in their account hit a record, as did the employee savings rate, according to data from 401(k) plans that it administers.
Its core cash-sweep into a high-yielding government money-market fund pressures competitors only days after Fed cut rates.