October 5, 2019
This Week’s Top Stories: A Wave of TRO Filings, a Big Merrill Move to First Republic, and More
- Morgan Stanley and Jones Brokers Who Joined Wells Agree to TROs
Florida team that managed about $500 million at former firm stipulate they will not solicit their former customers for a year or until a Finra arbitration claim is resolved.
Merrill Wealth Team Producing $10 Mln Joins First Republic
Private Wealth group advisors, led by a pair of 30-year Merrill veteran, are relocating to Palm Beach, Fla., from Chicago.
- Merrill Edge Won’t Mimic Schwab’s Zero-Commission Offer–Executive
Bank of America-owned online brokerage unit may enhance relationship-based pricing model but won’t extend free trading across the board, says Edge CEO Aron Levine.
- JPMorgan Sues Bank-Based Broker Who Joined UBS
Florida advisor from Chase Bank’s in-branch wealth management group allegedly moved at least $13 million by improperly soliciting former clients.
- Finra Suspends Ex-Wells Fargo Broker over Personal Email Use
A broker with 37 years of industry experience has agreed to a two-month suspension and a $5,000 fine for using his personal email and computer to conduct client business.