August 24, 2019
This Week’s Top Stories: Top Merrill Miami Broker Exits, JPMorgan Settles Claim for $14 Mln, Dawn Bennett Appeals, and More
- Top Merrill Broker Patrick Dwyer Leaves Amid Accusations
Private Wealth advisor whose Miami team is believed to have generated more than $10 million of annual revenue on $3.7 billion of client assets reportedly made unapproved political contribution to clean up his public regulatory record.
- Fired Multi-Million-Dollar Merrill Broker Joins Oppenheimer
Virginia’s Eric Bartok, a Forbes best-in-stater said to have been producing more than $3 million, was dismissed for expense-account violations, Merrill said.
- J.P. Morgan Pays $14 Million to Settle Customer Claim Against LA Brok
Private client group advisor now with Morgan Stanley says he “vehemently denies” allegations of unsuitable trading and other charges that cost his former firm $14 million.
- Schwab Pursues Texas Broker Who Started His Own RIA
Schwab’s claim for an injunction comes as lawyers say non-solicitation disputes have mushroomed in the past year industry-wide.
- Dawn Bennett Appeals Fraud Conviction, 20-Year Sentence
Attorneys for Bennett filed a notice on Friday that they are seeking a review of the decision handed down late last month.