Results for "wirehouses"

Displaying 1,340 results

Sort: Date | Relevance

Author:

Wells Fargo loses more reps in Q3; total now more than 1,000 since banking scandal broke

October 12, 2018

Wells Fargo Advisors continued to lose advisers in the third quarter, pushing the total to more than 1,000 since September 2016, when the brokerage network's parent company, the giant bank Wells Fargo & Co., revealed that bank employees had...

Finra bars former Wells Fargo broker in Florida

October 10, 2018

The Financial Industry Regulatory Authority Inc. on Tuesday barred a former Wells Fargo Advisors broker who allegedly manipulated a client's account to retain his special status at the firm as an international financial adviser, according to...

Tim Sloan hasn't turned around Wells Fargo

October 8, 2018

What's the appropriate board gift for a CEO's two-year anniversary? If you're Tim Sloan at Wells Fargo & Co., the correct answer is a short leash. Mr. Sloan took over the CEO role in mid-October 2016, which means the anniversary is this week....

After setting up phony accounts, ex-Wells Fargo broker stole money

October 10, 2018

The Financial Industry Regulatory Authority Inc. on Tuesday barred a former Wells Fargo Advisors broker, who was also a Wells Fargo Bank employee, who stole $2,226 after opening phony accounts using the names of clients. Based in Hilton Head...

Morgan Stanley rolls out tech-friendly offices for brokers, bankers

October 8, 2018

Morgan Stanley is remodeling. About 1.2 million square feet (111,000 square meters) of office space will get an overhaul in the next 15 months to put technology experts closer to brokers, traders and bankers, the firm's head of technology, Rob...

Finra bars ex-Morgan Stanley broker Kevin Smith

October 8, 2018

The Financial Industry Regulatory Authority Inc. on Monday barred a former Morgan Stanley broker who had been fired by the firm two years ago over allegations related to a trade in the trust of someone in his family. The broker, Kevin Smith,...

Benjamin F. Edwards & Co. has been picking off Wells Fargo brokers for years

October 2, 2018

Wells Fargo Advisors has lost hundreds of brokers and advisers over the last two years to rivals in the wake of scandals at its parent bank, but one firm, Benjamin F. Edwards & Co., has perhaps the greatest long-term success in recruiting advisers...

Merrill Lynch no longer will accept penny stock trades

September 28, 2018

With the Securities and Exchange Commission cracking down on penny stocks, Merrill Lynch recently told its clients and financial advisers that it is putting restrictions on the purchase and sale of a large swath of low-priced securities. "To...

Wells Fargo chair denies rumors bank is seeking to replace CEO

September 20, 2018

Wells Fargo & Co. Chair Betsy Duke took the rare step of denying the bank is looking to replace its chief executive officer, saying the entire board backs him, following weeks of whispering on Wall Street that it had contacted former Goldman...

No changes to compensation plan for UBS advisers in 2019

September 12, 2018

UBS Wealth Management's 6,936 financial advisers in the United States will see little to no changes next year in how they are paid by the firm, according to an internal document obtained Wednesday afternoon by InvestmentNews. The status quo...

Wells Fargo said to face Justice Department probe of wholesale banking unit

September 6, 2018

Wells Fargo & Co. is facing a Department of Justice investigation into whether employees in the company's wholesale banking unit improperly altered customer data, a person familiar with the matter said. The changes were made to meet a regulatory...

Former Morgan Stanley broker to plead guilty to insider trading

September 6, 2018

A former Morgan Stanley broker plans to plead guilty for trading on secret tips about pending mergers that were leaked by a Bank of America Corp. consultant, prosecutors said. The broker, Michael Siva, was one of seven people charged with securities...

Merrill Lynch reverses policy on banning IRA commissions following death of DOL fiduciary rule

August 30, 2018

Merrill Lynch is reversing its ban on commissions in individual retirement accounts, undoing a first-of-its-kind policy among the major brokerage firms that was established nearly two years ago as the Department of Labor fiduciary rule loomed...

Wells Fargo tests investor patience with latest scandal

August 13, 2018

Wells Fargo & Co. investors who were learning to live with an unprecedented penalty the Federal Reserve imposed on the bank for bad behavior will have their patience tested again as details emerge on another scandal. The bank disclosed earlier...

Morgan Stanley changes pay policies

December 3, 2007

Morgan Stanley is adjusting some of its pay policies to comply with a wage-and-hour lawsuit it settled last year. Beginning this month, the New York firm is picking up some state registration fees, paying for trading errors and changing the...

Merrill pays $8.9 million SEC penalty over undisclosed conflict of interest

August 20, 2018

Merrill Lynch Pierce Fenner & Smith agreed Monday to pay an approximately $8.9 million settlement to the Securities and Exchange Commission for failing to disclose to investors a conflict of interest the brokerage had in offering products from...

UBS wealth management profits up 16% in latest quarter

July 24, 2018

UBS Group AG said on Tuesday that its wealth management business in the U.S. and Latin America produced a pretax profit of $391.6 million over the three months ended in June, an increase of 16% compared with the same quarter a year ago. The...

Wells Fargo Advisors continues to see a decline in brokers

July 13, 2018

Wells Fargo Advisors continues to see a decline in the number of brokers and advisers working at the firm's various channels, reporting on Friday morning a net loss of 173 registered reps — or 1.2% of its total adviser sales force — during...

Wells Fargo discloses accidental foreclosures, tax credit probe

August 6, 2018

Wells Fargo & Co. disclosed another round of lapses and potential scandals in a quarterly report Friday, saying that it faces a U.S. inquiry into its purchase of low-income housing credits and conceding that it may have unnecessarily foreclosed...

Wells Fargo broker managing $150 million moves to Baird

August 6, 2018

Harry Buchanan Smith III, who managed $150 million at Wells Fargo Advisors, has joined Robert W. Baird & Co. in Charlotte, N.C. Moving with Mr. Smith is Daniel Bryant, an assistant adviser. Mr. Smith is a veteran of A.G. Edwards, where he began...

Next Page »

1 | 2 | 3 | 4 | 5 ... 67

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.