Producing manager who had overseen Grand Blanc office since 2007 left abruptly last week after allegations of inappropriate behavior, according to two sources.
Federal judge turns down former top Indiana broker’s bid for compassionate early release from his 40-month sentence for securities fraud as a result of his vulnerability to Covid-19.
Allegations against one San Francisco broker included selling away, while both advisors appeared to let underlings complete mandatory training modules.
Top-ranked broker and producing branch manager Lauri Droster takes broader role leading RBC Wealth’s eight branches in St. Paul, while firm hires a veteran Merrill broker in Long Island.
Morgan Stanley also recruited a credit union-housed broker in Oregon who generated $1.1 million in annual revenue.
Arbitrators rule that Charles Ross waited too long to make his claim that Merrill owes him for the collapse in the value of company shares he owned.
In other shifts from big to small, father-daughter team at Merrill in New Jersey join Janney Montgomery and a $400-million Merrill duo in Ohio join an RIA founded by a former colleague.
Team led by 22-year Merrill veteran Doug Linker and 17-year Thundering Herder Noel Hodges moves with seven colleagues, but without semi-retired group founder Kevin Ward.