Firm is back in hot water for poor supervision of VA sales, among other violations
Luxury developer in SEC fraud investigation leaves elderly investors without monthly dividend.
Holding company seeks to acquire more IBD shops as M&A deals continue to heat up in 2017.
IMS was the wholesaler in charge of selling United Development Funding IV, which is under investigation by the FBI.
Andy Sieg, head of wealth management, told senior managers that the wirehouse has no intention of joining Morgan Stanley and UBS in pulling out of the accord at this time.
If advisers serve enough wealthy clients, their compensation award will come as percentage of revenue, instead of flat amount.
United Development Funding alleges Mr. Bass made false claims that damaged its business
Recruiters say Merrill Lynch, like Morgan Stanley and UBS, has already moved away from the traditional recruiting model and is more apt to leave the protocol than Wells Fargo.
Chairman says it's important that the SEC be involved in coming up with a fiduciary standard that will make investors happy.
Smaller shops have benefited from the broker protocol at the expense of larger firms like UBS, experts say
