Arbitrator orders broker now with LPL Financial to repay the loan balance on his recruiting bonus.
Deferring to coronavirus challenges, Morgan Stanley delays grid changes that will lower some advisors’ pay, and Wells postpones fee it plans to charge customers who keep less than $500,000 in brokerage accounts.
Three members of Wells Fargo Advisors’ operating committee leave as the company fills two to key positions in its consumer bank while a new hand takes over Abbot Downing.
Independent broker-dealer held national meeting at conference center attended by a person who contracted the coronavirus.
J.P. Morgan Securities trio in New York producing $9.5 million, $4.5 million Wells advisor in Pennsylvania and Merrill veteran in DC jumped last week amid market tumult.
FactSet, the main feed of market data to Merrill Lynch brokers, went down early Monday due to overwhelming market volume, Robinhood failed again and a Wells advisor is quarantined.
Asks court to let her and other former Wells brokers in California and North Dakota to recover more deferred compensation by escaping from class-action settlement.
To avoid $300 account fee, brokerage accounts per household must total $500,000 as of June 30, up from $250,000.