News
Wells Advisor Headcount Slips Again in Q3, and Other Top Stories
Most-read articles from October 8 through 13.
2019 Compensation: RBC Reinstates 401(k) Match, Keeps Grid Unchanged
After multi-year cessation, the wealth management unit of the Canadian bank restores its retirement account match for brokers and makes no changes to its 2019 payout plan.
Jamie Dimon Sounds Like a Trump Buddy a Month After Their Taunts
Jamie Dimon is singing a different tune.
Wells Fargo Advisors Reports 1% Loss of Brokers in Third Quarter
Sales force across brokerage channels has dropped by over 1,000 since September 2016 when fake bank accounts were disclosed.
Trump Push for Fewer Company Profit Reports Tempered by SEC
Securities and Exchange Commission Chairman Jay Clayton just tapped the brakes on President Donald Trump’s push to let U.S. companies report earnings less frequently.
Morning Brief: Dow Plunges 1000-plus Points in Two Days
Top stories from around the web.
Credit Suisse Ordered to Pay Broker $845K and Clear His Record
The first arbitration decision in brokers’ claims for deferred comp after Swiss bank shuttered its U.S. business gives Boston advisor less than half of what he sought but encourages other advisors.
Vanguard Says Snafu Leaves Some Clients With No Website Access
Vanguard Group, the biggest U.S. mutual fund firm, experienced technical problems that made it difficult for some customers to access its website by phone or the internet amid Wednesday’s market rout.
J.P. Morgan Seeks Restraining Order Against Broker Who Jumped to Merrill
New Jersey advisor with seven years of experience has convinced at least four former customers with more than $4 million to move by soliciting them in violation of his employment contract, J.P. Morgan claims.
Morning Brief: Investors Reconsider Stocks After Worst Day in 8 Months
Top stories from around the web.
Broker Who Borrowed $45K from Clients Suspended by Finra
After losing his Morgan Stanley job 20 months ago, California broker gets bar and fine from regulator.