February 9, 2019
Top Stories of the Week: Merrill’s Checking Push, Ex-UBS Duo’s Charity Flub, Gaming Share Limits and More
- BofA Gooses Checking Account Sales to Merrill Wealth Clients
A New York City branch is offering dinners for client associates who sell checking accounts while banking specialists in the midwest face a lofty 2019 goal of opening almost 24,000 checking accounts from Merrill wealth clients.
- UBS Terminates Two Lifers Accused of Charity Solicitation Violations
Erie, Pennsylvania advisers with 55 years of collective experience at UBS and its predecessor firms allegedly reimbursed colleagues for donations that the firm had matched.
- Finra Bars Broker for Gaming Merrill’s Mutual Fund Share Order System
To circumvent household limits on Class B shares, a former broker in Chicago entered fictitious sell orders into firm’s electronic order system, regulator says.
- Merrill Reorganizes Training Program, Names Community Markets Head
In bid to improve retention and productivity of neophyte brokers, Merrill adds “performance” oversight to its development program and aligns it more closely with parent Bank of America
- Merrill Divisional Head Vince Fertitta Steps Aside
Two years after taking charge of the Thundering Herd’s Texas Mountain South branches, the Merrill veteran has relinquished his role as one of six regional managers.