Firm has lost a net 429 retail brokers in the last two quarters while money in Wells proprietary funds is off 12% from a year ago.
Arbitrators call Wells “disingenuous” in arguing that an amendment extending a forgivable loan agreement benefited the broker and not the firm.
Ned Kennedy to run new HNW branch for Wells Fargo in Chicago; Jeremy Geller to lead strategy at JPM for lower-tier private bankers.
John Bodovitz, “separated” in December over concerns about his trading, joins Western International.
Finra bans Cincinnati broker for about $730 worth of forged garage validations.
One stole $8,700 from a charity account, another sold $176,000 of clients’ stocks to pay her mortgage and decorate a home.
Arbitration panel upholds claim that regional firm’s hiring of six brokers in a new market violated regulator’s rules of conduct.
Recruiters and managers at the firm say hiring dropped off as banking scandal unfolded.