News
TD Ameritrade Cut Marketing as `Fish Weren’t Biting,’ CEO Says
TD Ameritrade Holding Corp. trimmed digital advertising spending due to a lack of interest from retail investors, according to chief executive Tim Hockey.
Voya Wins ‘Extraordinary Cooperation’ Credit in Fund Fee Resolution
Says independent broker-dealer initiated its probe of sales charge waiver violations before Finra asked and voluntarily expanded the “look-back” period by two years.
Finra Suspends Former LPL Star for Borrowing from Customer
Jeb Bashaw, a Houston-based independent broker with a history of litigation against LPL, receives four-month suspension, fine and a requirement to retake the Series 7 exam for borrowing $200,000 from a customer who was a “longtime friend.”
$4-Mln UBS Broker in Boston Sets Up RIA, Wells Lands Morgan Stanley Vet in Tulsa
Brian Mulvey leaves UBS after a decade to set up independent advisory firm along with a JPMorgan banker and a former Schwab recruiter.
Wall Street CEOs Flocking to Riyadh Show Khashoggi Furor Is Over
Business executives including HSBC Holdings Plc Chief Executive Officer John Flint and BlackRock Inc. CEO Larry Fink participated in panel discussions on Wednesday at a financial summit in Saudi capital—the same men who six months ago boycotted a similar conference over the murder of U.S.-based journalist Jamal Khashoggi.
Morning Brief: Indexes Surge to Record High on Strong Earnings Reports
Top stories from around the web.
Morgan Stanley Gives Saperstein Sole Control of Wealth, Moves O’Connor to Bank
Reorganization breaks up co-leadership, gives Shelley O’Connor management of company’s private bank as well as its commercial bank.
Advisor Group Seen Close to $2 Billion Sale to Private Equity Firm
Centerbridge Partners LP is in talks to buy independent broker-dealer Advisor Group Inc. for more than $2 billion, according to people familiar with the matter.
UBS Sacks Top Broker Craig Findley–Sources
Advisor who was elevated to senior internal councils as his team’s assets rapidly expanded to more than $6 billion was terminated two weeks ago, sources said.
Wells Fargo’s Interim CEO Faces Hecklers’ Shouts of ‘Frauds’
C. Allen Parker was interrupted more than a dozen times during Wells Fargo & Co.’s annual meeting by activists who called executives “frauds” and “criminals” and demanded the interim chief executive officer turn the scandal-plagued bank around.
Finra Bars Broker Who Wouldn’t Cooperate In Personal Mail Probe
Advisor in Puerto Rico admitted to having misused Axa’s FedEx account but refused to participate in routine Finra probe of his dismissal.
