Bank of America executives asset that advisors and managers are responding to “organic growth” incentives, although headcount fell by 124 brokers in the first quarter.
The Financial Industry Regulatory Authority has suspended an Arizona advisor for 18 months for falsely affirming that prospective Bank of America borrowers had plenty of cash in their Merrill accounts.
In an apparent sign of brokerage firms’ raised sensitivity to a range of compliance issues, brokers in Ohio and Michigan were shown the door.
Florida-based firm tasks Jana Carlson to grow seven-broker office and spread word about its growth ambitions throughout northern California.
Firm will continue to battle more than 60 ex-managers seeking more than $1.2 billion in arbitration, their lawyers’ preferred venue.
Susan Axelrod, who oversaw enforcement and member services operations before stepping down in January, will be chief supervisory officer.
Three Merrill Lynch insiders will get more than $83 million from the U.S. Securities and Exchange Commission — the biggest-ever payouts — for providing information that helped the agency bring a 2016 case against Bank of America Corp., their attorney said Monday.
DOL will not enforce fiduciary rule after appeals court decision, but firms for now are sticking with their existing sales policies.
California complex manager to run restructured PBIG Texas region while a Miami-based manager of ‘international’ brokers graduates to head new Florida region.
Susan Cruz, who ran branches and complexes up and down the East Coast over three decades at the wirehouse, has returned to build her own book in Pittsburgh.