Award is the largest penalty for UBS involving the Caribbean island to date.
Bank says the settlement relates to product sales goals that were eliminated in 2016
Firm intends to file counterclaim against two brokers who alleged they lost business in the wake of bank scandals.
In a Finra arbitration complaint, two brokers allege that Wells Fargo's problems damaged their business.
Third-quarter wealth management revenue was $4.4 billion, even as adviser workforce slipped 1% from last year.
So far in 2018, Merrill Lynch has seen the best performance in this area in the last five years.
The firm lost another 152 advisers in the quarter, and total adviser workforce is down 6.7% in past two years .
Broker allegedly manipulated a client account to maintain his status for working with international clients.
Finra bars Thomas A. Davis, who worked in Hilton Head Island, S.C., for Wells Fargo Bank.
Addition of three veteran advisers brings Baird's 2018 recruiting count to 40.
Wealth management unit to use machine learning to help with trade recommendations for clients.
Loans and deposits at Wells are down. Earnings, too, are expected to fall.
Fired in 2016, Kevin Smith was barred Monday for not providing testimony in investigation.
Judge rules that John Lockette was bound by a company policy requiring employees to arbitrate all claims.
Many of them previously worked at A.G. Edwards, the firm founded by the great-great-grandfather of Benjamin F. Edwards & Co.'s CEO.
Five deals in five months lift the fledgling hybrid RIA to $5.5 billion.
Action comes as SEC continues crackdown on low-priced securities.
The wirehouse has obviously noted its own lack of recruiting success this year, as well as the slowed attrition rates at its competitors that have exited the protocol.
News report claimed the board had talked to former Goldman exec Gary Cohn about the job.
Bank is struggling to cut spending amid regulatory fines and higher legal costs stemming from scandals.
