Bank's wealth management unit reports higher earnings on lower revenue.
DOL rule could prompt some advisers to move ahead of time — and others to stay put until they gauge rule's impact.
Not every adviser can be nominated for a Bully, just those who displayed a complete disconnect from their ethics in the course of impersonating a client or some big shot.
Michael J. Breton allegedly cost clients $1.3 million by placing trades through a master brokerage account and then allocating profitable trades to himself while placing unprofitable ones into client accounts.
The self-regulatory organization is planning to investigate 100 to 200 brokers who pose the greatest risk to investors.
Picks up two Merrill Lynch groups with nearly $2 billion in assets; more deals might be on the horizon.
The deals promised tax deductions worth four to four-and-a-half times a person's investment.
Bobby Eugene Guess, who promoted himself as a financial maven through radio advertising and financial seminars, was indicted on charges related to the multi-million-dollar sale of investments in an internet advertising company.
Says wirehouse overbilled investment advisory clients due to coding and other billing system errors.
Move is among a series of changes the firm is making as it gets ready for deadline on implementing DOL fiduciary rule.
