Florida judge denies Merrill attempt to avoid Finra arbitration over some $60 million of alleged stock and option losses.
Regulator asks court to vacate its own arbitration panel’s July decision to remove seven customer complaints from elite Florida broker Patrick Dwyer’s records.
Matt Grossman, who has been with Merrill since 1990, moves from running White Plains complex to the big NYC office recently vacated by Racquel Oden.
Broker is latest to give up on the product after being fined and suspended for promoting short-term trading of the products.
In latest cross-marketing push, BofA pushes checking/savings/credit card promotion to Merrill clients with $200 checking account cash-back.
Bank of America CEO promises greater digitization of wealth management, and increased push of “lower affluent” clients to Merrill Edge in bid to lower expenses.
Former wirehouse broker accepts ban from industry rather than cooperation in investigation of his alleged outside business activities.
After ending 2017 with a wave of big hires in its “boutique wealth management unit,” the bank is broadening its base beyond legacy Bear Stearns offices.
Jeff Schottenstein in San Francisco and Stuart Wechsler in Greenwich join the aggressive West Coast private wealth bank, boasting $11 million of sales in the last year.
Nineteen-year veteran becomes Florida-based firm’s sixth Beantown broker as it continues northern expansion.